Key Takeaways
- • US spot Bitcoin ETFs took in a net $5.06 million on Thursday, a sharp reversal from the $261.5 million outflow recorded on Wednesday, according to Farside Investors data.
- • Bitcoin traded at $81,963 on Friday morning, with a $521 range since midnight (0.64 percent), reflecting a standstill in spot demand.
- • BlackRock's IBIT took in $16.79 million on Thursday while Grayscale's Mini Trust lost $7.64 million; the largest provider swings show erratic demand.
- • October net outflows total $539.8 million, against $2.6 billion of inflows in September and $3.5 billion in August; US spot ETFs hold $105.71 billion, about 6.41 percent of Bitcoin's roughly $1.65 trillion market capitalisation.
- • Friday's expiry of 18,029 Deribit options contracts may move prices for hours, while the daily range of $79,806 to $82,508 remains the key reference band.
Summary
US spot Bitcoin ETFs recorded a net inflow of $5.06 million on Thursday, a day after $261.5 million flowed out, according to daily reports collated by Farside Investors. The publisher characterises the figure as close to zero in market terms, and notes that Farside values are still adjusted in following days as issuers close their accounts, so the direction is more reliable than the precise figure.
Bitcoin traded at $81,963 (€72,984) on Friday morning, 0.55 percent above its level 24 hours earlier. Over the prior 24 hours the price ranged from $79,806 to $82,508. On Thursday afternoon, around 3:55pm, it fell to $79,814, dropping below $80,000 for the first time in days, before recovering to $82,485 by about 9:20pm. Since midnight the price has stayed between $81,794 and $82,315, a range of $521 or 0.64 percent on the CoinGecko series.
Thursday's net figure masked offsetting flows. BlackRock's iShares Bitcoin Trust took in $16.79 million, bringing cumulative inflows since launch to $65.64 billion, while the Grayscale Bitcoin Mini Trust lost $7.64 million. On Wednesday, Fidelity's FBTC shed $152.7 million and IBIT lost $110.9 million, with Bitwise the only provider recording an inflow ($2.2 million). The publisher converts the flows into Bitcoin terms: Thursday's net inflow equals roughly 62 BTC, while Wednesday's outflow equalled about 3,190 BTC. Against roughly 450 new BTC mined daily after the 2024 halving, the publisher argues that Thursday's inflows absorbed just under 14 percent of daily production.
On a monthly basis, October net flows through Thursday total an outflow of $539.8 million. September brought in $2.6 billion, August $3.5 billion and July $172.4 million, while June remained the weakest month at a $4.5 billion outflow. US spot ETFs hold $105.71 billion, equivalent to 6.41 percent of Bitcoin's total market capitalisation of around $1.65 trillion, according to the publisher's Thursday figures.
The publisher's assessment is that the fund standstill explains the narrow trading range, while noting that futures activity and Friday's expiry of 18,029 Deribit options contracts could move prices without fund flows. Supplemental headlines in the publisher's context section describe the broader 2026 pattern of volatile ETF flows, including a $2.4 billion strongest week and recent weekly outflows of $679 million, which the publisher frames as flows following price rather than leading it. The article is editorial analysis and states it is not investment advice.
Bitcoin traded at $81,963 (€72,984) on Friday morning, 0.55 percent above its level 24 hours earlier. Over the prior 24 hours the price ranged from $79,806 to $82,508. On Thursday afternoon, around 3:55pm, it fell to $79,814, dropping below $80,000 for the first time in days, before recovering to $82,485 by about 9:20pm. Since midnight the price has stayed between $81,794 and $82,315, a range of $521 or 0.64 percent on the CoinGecko series.
Thursday's net figure masked offsetting flows. BlackRock's iShares Bitcoin Trust took in $16.79 million, bringing cumulative inflows since launch to $65.64 billion, while the Grayscale Bitcoin Mini Trust lost $7.64 million. On Wednesday, Fidelity's FBTC shed $152.7 million and IBIT lost $110.9 million, with Bitwise the only provider recording an inflow ($2.2 million). The publisher converts the flows into Bitcoin terms: Thursday's net inflow equals roughly 62 BTC, while Wednesday's outflow equalled about 3,190 BTC. Against roughly 450 new BTC mined daily after the 2024 halving, the publisher argues that Thursday's inflows absorbed just under 14 percent of daily production.
On a monthly basis, October net flows through Thursday total an outflow of $539.8 million. September brought in $2.6 billion, August $3.5 billion and July $172.4 million, while June remained the weakest month at a $4.5 billion outflow. US spot ETFs hold $105.71 billion, equivalent to 6.41 percent of Bitcoin's total market capitalisation of around $1.65 trillion, according to the publisher's Thursday figures.
The publisher's assessment is that the fund standstill explains the narrow trading range, while noting that futures activity and Friday's expiry of 18,029 Deribit options contracts could move prices without fund flows. Supplemental headlines in the publisher's context section describe the broader 2026 pattern of volatile ETF flows, including a $2.4 billion strongest week and recent weekly outflows of $679 million, which the publisher frames as flows following price rather than leading it. The article is editorial analysis and states it is not investment advice.
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