Key Takeaways
- • U.S. spot bitcoin ETFs attracted $526.7 million on October 19, the largest daily inflow since September 22 ($714.7 million), according to Farside Investors.
- • BlackRock's IBIT accounted for $665.2 million of the inflow, its largest result since October 7, 2025, while FBTC lost $83.6 million and GBTC lost $54.9 million.
- • Despite the single-day rebound, October bitcoin ETF flows remained net negative at roughly $88 million after two weeks of outflows totaling about $907 million.
- • U.S. spot Ethereum ETFs recorded a $103.3 million net outflow on October 19, marking a third consecutive negative week with about $320 million withdrawn.
Summary
U.S. spot bitcoin ETFs took in $526.7 million on October 19, the largest single-day inflow since September 22, when the figure was $714.7 million, according to Farside Investors. The bulk of the flow went to BlackRock's IBIT, which took in $665.2 million, its strongest day since October 7, 2025. Over the same session, investors withdrew $83.6 million from Fidelity's FBTC and $54.9 million from Grayscale's GBTC, while other funds recorded no net movement.
The inflow followed two weeks of net outflows. From October 5 to 9, the funds lost approximately $679 million, including a peak daily outflow of $484.9 million on October 7, and from October 12 to 16 they lost a further $228.4 million. The October 19 inflow offset the prior week's losses but did not cover all month-to-date withdrawals, leaving October's net result negative at around $88 million at the close of that session.
Ethereum products saw the opposite trend. U.S. spot Ethereum ETFs recorded net outflows of $103.3 million on October 19, with BlackRock's ETHA accounting for $95.4 million of that total. Over the prior week, investors pulled about $320 million from Ethereum funds, the third consecutive weekly decline.
The bitcoin inflow coincided with the cryptocurrency's recovery to $82,800 after a dip to $80,000. Analysts at Glassnode noted weakening seller pressure but said they had not yet seen signs of a sustained recovery in spot demand. According to CoinMarketCap, bitcoin was trading above $82,800 at the time of writing, up 1.47% over 24 hours. In September, U.S. spot bitcoin ETFs drew more than $1.7 billion in inflows over two trading sessions. Earlier, JPMorgan analysts argued that reduced demand for hedging through bitcoin funds could offer stronger support for the asset than gold.
The inflow followed two weeks of net outflows. From October 5 to 9, the funds lost approximately $679 million, including a peak daily outflow of $484.9 million on October 7, and from October 12 to 16 they lost a further $228.4 million. The October 19 inflow offset the prior week's losses but did not cover all month-to-date withdrawals, leaving October's net result negative at around $88 million at the close of that session.
Ethereum products saw the opposite trend. U.S. spot Ethereum ETFs recorded net outflows of $103.3 million on October 19, with BlackRock's ETHA accounting for $95.4 million of that total. Over the prior week, investors pulled about $320 million from Ethereum funds, the third consecutive weekly decline.
The bitcoin inflow coincided with the cryptocurrency's recovery to $82,800 after a dip to $80,000. Analysts at Glassnode noted weakening seller pressure but said they had not yet seen signs of a sustained recovery in spot demand. According to CoinMarketCap, bitcoin was trading above $82,800 at the time of writing, up 1.47% over 24 hours. In September, U.S. spot bitcoin ETFs drew more than $1.7 billion in inflows over two trading sessions. Earlier, JPMorgan analysts argued that reduced demand for hedging through bitcoin funds could offer stronger support for the asset than gold.
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