Key Takeaways
- • US spot Bitcoin ETFs added only about $232 million over 13 sessions after a $1.7 billion burst on September 21 and 22, according to SoSoValue data reported by BeInCrypto.
- • Total net assets fell from $110.77 billion on October 5 to $105.84 billion on October 9, with net outflows of $591 million over that span, suggesting lower prices drove most of the decline.
- • BlackRock's iShares Bitcoin Trust (IBIT) holds $66.3 billion, about 63% of total net assets, and was the only fund to post a meaningful inflow on Friday, with $22.38 million.
- • Friday's $21.13 million net inflow ended a two-day outflow run, while nine of the 12 funds recorded zero flows.
- • The CoinGecko Fear and Greed index reads 39, in the fear zone, and US spot Bitcoin ETFs hold 6.38% of Bitcoin's market value.
Summary
US spot Bitcoin exchange-traded funds have added only about $232 million over 13 sessions, following a $1.7 billion burst across September 21 and 22, according to data from SoSoValue cited by BeInCrypto. The funds drew $999 million on September 21 and $714.8 million on September 22, bringing cumulative net inflows to $56.87 billion by the end of the second day.
Demand faded after that. An inflow streak ended on September 30 with a $148.7 million outflow. Brief relief followed, with $102.7 million entering on October 1 and $189.8 million on October 2, before the two largest outflows of the period hit on October 7 and 8, totaling $731.2 million. Total net assets declined from $110.77 billion on October 5 to $105.84 billion on October 9. Net outflows over that span totaled $591 million, so the article attributes most of the drop to lower prices rather than redemptions alone.
Bitcoin recovered to above $83,000 overnight while US-listed funds were not trading, so ETF buyers had not yet confirmed the move. Friday's $21.13 million inflow ended a two-day outflow run. BlackRock's IBIT took in $22.38 million, more than the day's net total, while Fidelity's FBTC lost $3.58 million. Nine of the 12 funds posted zero flows. Friday's $1.44 billion in total traded value was the lowest of the 13 sessions, against a high of $3.18 billion on October 8.
IBIT alone holds $66.3 billion, roughly 63% of total net assets. Grayscale's GBTC has recorded $27.94 billion in cumulative net outflows. The CoinGecko Fear and Greed reading of 39 sits in the fear zone. According to SoSoValue, US spot Bitcoin ETFs hold 6.38% of Bitcoin's market value, so their flows serve as a gauge of institutional demand. Glassnode data earlier in the month tied a pullback to weak trading volume. Monday's flow data is expected to show whether ETF buyers follow the price recovery.
Demand faded after that. An inflow streak ended on September 30 with a $148.7 million outflow. Brief relief followed, with $102.7 million entering on October 1 and $189.8 million on October 2, before the two largest outflows of the period hit on October 7 and 8, totaling $731.2 million. Total net assets declined from $110.77 billion on October 5 to $105.84 billion on October 9. Net outflows over that span totaled $591 million, so the article attributes most of the drop to lower prices rather than redemptions alone.
Bitcoin recovered to above $83,000 overnight while US-listed funds were not trading, so ETF buyers had not yet confirmed the move. Friday's $21.13 million inflow ended a two-day outflow run. BlackRock's IBIT took in $22.38 million, more than the day's net total, while Fidelity's FBTC lost $3.58 million. Nine of the 12 funds posted zero flows. Friday's $1.44 billion in total traded value was the lowest of the 13 sessions, against a high of $3.18 billion on October 8.
IBIT alone holds $66.3 billion, roughly 63% of total net assets. Grayscale's GBTC has recorded $27.94 billion in cumulative net outflows. The CoinGecko Fear and Greed reading of 39 sits in the fear zone. According to SoSoValue, US spot Bitcoin ETFs hold 6.38% of Bitcoin's market value, so their flows serve as a gauge of institutional demand. Glassnode data earlier in the month tied a pullback to weak trading volume. Monday's flow data is expected to show whether ETF buyers follow the price recovery.
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