Key Takeaways
- • U.S. spot bitcoin ETFs recorded $176.0 million of net inflows on Tuesday, October 27, per issuer data tabulated by Farside Investors, marking the second straight day of inflows after $110.3 million on October 26.
- • BlackRock's iShares Bitcoin Trust (IBIT) took in $151.5 million and Fidelity's Wise Origin Bitcoin Fund added $24.5 million, while the other ten funds, including Grayscale's GBTC, recorded no net flow.
- • No spot bitcoin ETF posted an outflow on October 27, though the two-day rebound follows losses of $635.5 million on October 22 and $137.9 million on October 23.
- • October month-to-date net flows stood at about minus $26.1 million across 19 trading days before Tuesday's figures were added, according to TFTC data.
- • Cumulative net flows since launch were about $57.5 billion, according to TokenPost.
Summary
U.S. spot bitcoin exchange-traded funds recorded $176.0 million of net inflows on Tuesday, October 27, according to issuer data tabulated by Farside Investors and reported by TokenPost and TFTC. The inflows marked the second consecutive day of net buying, following $110.3 million on October 26.
The flows were highly concentrated. BlackRock's iShares Bitcoin Trust took in $151.5 million and Fidelity's Wise Origin Bitcoin Fund added $24.5 million. The other ten funds, including Grayscale's GBTC, recorded no net flow, and no fund posted an outflow during the session.
The rebound follows a volatile stretch for the products. The funds lost $635.5 million on October 22 and $137.9 million on October 23. TFTC data put October's month-to-date net flow at about minus $26.1 million across 19 trading days before Tuesday's figures were added. TokenPost noted that Tuesday's total alone exceeded the $37.6 million of net inflows recorded across the previous five sessions, and put cumulative net flows since launch at about $57.5 billion.
The concentration of inflows in the two largest, most liquid wrappers suggests that allocators and advisers are using IBIT and FBTC as default access vehicles, while smaller products remain largely idle on most days. For hedge funds running basis and relative value trades, sustained creations into the largest ETFs tend to support the cash-and-carry trade against CME futures. Whether the rebound holds will depend on broader risk appetite, which was pressured by heavy technology selling across equity markets last week.
The flows were highly concentrated. BlackRock's iShares Bitcoin Trust took in $151.5 million and Fidelity's Wise Origin Bitcoin Fund added $24.5 million. The other ten funds, including Grayscale's GBTC, recorded no net flow, and no fund posted an outflow during the session.
The rebound follows a volatile stretch for the products. The funds lost $635.5 million on October 22 and $137.9 million on October 23. TFTC data put October's month-to-date net flow at about minus $26.1 million across 19 trading days before Tuesday's figures were added. TokenPost noted that Tuesday's total alone exceeded the $37.6 million of net inflows recorded across the previous five sessions, and put cumulative net flows since launch at about $57.5 billion.
The concentration of inflows in the two largest, most liquid wrappers suggests that allocators and advisers are using IBIT and FBTC as default access vehicles, while smaller products remain largely idle on most days. For hedge funds running basis and relative value trades, sustained creations into the largest ETFs tend to support the cash-and-carry trade against CME futures. Whether the rebound holds will depend on broader risk appetite, which was pressured by heavy technology selling across equity markets last week.
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