Key Takeaways
- • Bitcoin rebounded to nearly $80,700 on Tuesday after briefly slipping below $80,000, as U.S. spot Bitcoin ETF demand returned ahead of the Federal Reserve's interest-rate decision.
- • U.S. spot Bitcoin ETFs drew $110.34 million on Monday, ending two sessions totaling $773.4 million in outflows; BlackRock's iShares Bitcoin Trust (IBIT) accounted for the entire net inflow, per SoSoValue data.
- • Spot Bitcoin ETFs remained net sellers for October with roughly $202 million in cumulative net outflows through Monday, after a $635.5 million single-day outflow on Oct. 22, the largest since June 2025.
- • The 12 U.S. spot Bitcoin ETFs held about $102.84 billion in net assets, roughly 6.4% of Bitcoin's market capitalization.
- • The Federal Reserve's decision on Wednesday is the next major catalyst, with investors watching whether Bitcoin holds above $80,000 and whether inflows broaden beyond IBIT.
Summary
Bitcoin rebounded to nearly $80,700 on Tuesday after briefly dipping below $80,000, as investors assessed whether renewed demand through U.S. spot Bitcoin exchange-traded funds could support prices ahead of the Federal Reserve's interest-rate decision. According to SoSoValue data cited in the report, the funds attracted $110.34 million on Monday, ending two consecutive sessions that had seen $773.4 million in outflows. BlackRock's iShares Bitcoin Trust (IBIT) accounted for the entire net inflow that day.
The recovery is fragile in context. U.S. spot Bitcoin ETFs remained net sellers for October, with approximately $202 million in cumulative net outflows through Monday. Flows had been positive on Oct. 19 ($526.6 million) and Oct. 21 ($528.4 million) before reversing sharply, with $635.5 million in outflows on Oct. 22, the largest single-day withdrawal since June 2025. A further $137.9 million left the funds on Friday. BlackRock's IBIT, Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) were among the funds leading the recent selling. Because Monday's recovery was concentrated entirely in IBIT, the breadth of renewed demand remains uncertain.
The 12 U.S. spot Bitcoin ETFs held approximately $102.84 billion in net assets, equivalent to around 6.4% of Bitcoin's market capitalization. Per Benzinga Pro, IBIT was trading just below resistance near $45.70, a level that has proven a significant barrier, while support sits near $45.12, aligned with the recent intraday low.
According to a breakdown from Bitcoin financial services firm River, cited by 99Bitcoins, individuals hold 79.6% of tradable Bitcoin, followed by businesses at 9.4%, funds and ETFs at 8.5%, and governments at 2.5%. The report notes that although ETFs hold a relatively small share of supply, their flows can influence prices at the margin, since creations require additional Bitcoin purchases and redemptions can trigger selling. Concentrated transactions can have outsized short-term effects when liquidity is limited, though derivatives positioning, risk appetite and macroeconomic developments also drive prices.
The Federal Reserve's decision on Wednesday is the next major catalyst. Investors will watch whether Bitcoin holds above $80,000, whether ETF inflows extend beyond IBIT, and whether cumulative October flows recover from negative territory. Sustained inflows across multiple funds would signal broadening demand, while continued outflows could suggest Monday's rebound was temporary.
The recovery is fragile in context. U.S. spot Bitcoin ETFs remained net sellers for October, with approximately $202 million in cumulative net outflows through Monday. Flows had been positive on Oct. 19 ($526.6 million) and Oct. 21 ($528.4 million) before reversing sharply, with $635.5 million in outflows on Oct. 22, the largest single-day withdrawal since June 2025. A further $137.9 million left the funds on Friday. BlackRock's IBIT, Fidelity's Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB) were among the funds leading the recent selling. Because Monday's recovery was concentrated entirely in IBIT, the breadth of renewed demand remains uncertain.
The 12 U.S. spot Bitcoin ETFs held approximately $102.84 billion in net assets, equivalent to around 6.4% of Bitcoin's market capitalization. Per Benzinga Pro, IBIT was trading just below resistance near $45.70, a level that has proven a significant barrier, while support sits near $45.12, aligned with the recent intraday low.
According to a breakdown from Bitcoin financial services firm River, cited by 99Bitcoins, individuals hold 79.6% of tradable Bitcoin, followed by businesses at 9.4%, funds and ETFs at 8.5%, and governments at 2.5%. The report notes that although ETFs hold a relatively small share of supply, their flows can influence prices at the margin, since creations require additional Bitcoin purchases and redemptions can trigger selling. Concentrated transactions can have outsized short-term effects when liquidity is limited, though derivatives positioning, risk appetite and macroeconomic developments also drive prices.
The Federal Reserve's decision on Wednesday is the next major catalyst. Investors will watch whether Bitcoin holds above $80,000, whether ETF inflows extend beyond IBIT, and whether cumulative October flows recover from negative territory. Sustained inflows across multiple funds would signal broadening demand, while continued outflows could suggest Monday's rebound was temporary.
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