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Bitcoin ETF comeback exposes a $630 million divide with Ethereum as BlackRock dominates

Reported by Cryptoslate
Oct 20, 2026· 2 min read
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Key Takeaways
  • • US spot Bitcoin ETFs attracted $526.7 million in net inflows on Oct. 19, reversing the prior week's $228.4 million in withdrawals, according to SoSoValue data.
  • • BlackRock's iShares Bitcoin Trust (IBIT) drew $665.2 million in its strongest session since Oct. 7, 2025, offsetting outflows from Fidelity's FBTC ($83.6 million) and Grayscale's GBTC ($54.9 million).
  • • US spot Ethereum ETFs lost $103.3 million on Oct. 19, with BlackRock's ETHA accounting for $95.4 million of those withdrawals.
  • • Ethereum ETFs have shed more than $1.1 billion over 15 trading sessions, reducing cumulative net inflows from nearly $14 billion to $12.84 billion and total assets from $17.79 billion to $14.7 billion.
  • • Bitcoin ETF cumulative net inflows stand at $57.40 billion with total assets of $105.46 billion, roughly 6.4% of Bitcoin's market capitalization.
Summary
US spot Bitcoin exchange-traded funds attracted $526.7 million on Oct. 19, reversing the previous week's withdrawals and marking the largest inflow in nearly two weeks, according to SoSoValue data. The inflow more than doubled the $228.4 million withdrawn during the five trading sessions ending Oct. 16. BlackRock's iShares Bitcoin Trust drove the recovery with $665.2 million in inflows, its strongest session since Oct. 7, 2025. Those purchases offset $83.6 million in outflows from Fidelity's FBTC and $54.9 million from Grayscale's GBTC, while nine other funds reported no net flows.

The rebound coincided with Bitcoin recovering toward $82,800 on Monday after briefly falling below $80,000 the prior week. Selling pressure had followed stronger-than-expected US inflation figures that revived expectations of further Federal Reserve rate increases. Demand remains volatile: Bitcoin ETFs recorded about $907 million in combined withdrawals over the preceding two weeks, including $679 million in the week ended Oct. 9. Monday's inflows offset more than half of that, leaving roughly $380 million in net withdrawals over the three-week period. Daily flows have alternated between inflows and outflows for six consecutive sessions. Cumulative net investment into Bitcoin ETFs now stands at $57.40 billion, with total assets of $105.46 billion, approximately 6.4% of Bitcoin's market capitalization.

BlackRock's inflow accounted for roughly 126% of the market's net purchases on Monday, illustrating how demand for a single product can outweigh selling across competing funds. The concentration contrasts with Ethereum ETFs, which lost another $103.3 million on Oct. 19. BlackRock's Ethereum ETF (ETHA) accounted for $95.4 million of those withdrawals. The outflow extended a withdrawal streak that has erased more than $1.1 billion over the past 15 trading sessions; the only positive session in that span brought in $24.8 million on Oct. 13. Cumulative net inflows into Ethereum ETFs have fallen from nearly $14 billion to $12.84 billion, and total assets declined about 17%, from $17.79 billion to $14.7 billion, reflecting both redemptions and lower Ethereum prices.

Net, Bitcoin ETFs outperformed Ethereum products by approximately $630 million in a single session, according to the flow data, a gap the source attributes to investors reassessing their cryptocurrency allocations.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

Cryptoslate Bitcoin ETF comeback exposes a $630 million divide with Ethereum as BlackRock dominates