Key Takeaways
- • Lookonchain's October 22 update recorded $470.15 million in net inflows into U.S. spot Bitcoin ETFs, with 5,766 BTC entering funds over one day, while its Ether figures showed 4,422 ETH (about $10.63 million) leaving Ethereum products.
- • BlackRock's IBIT and Fidelity's FBTC accounted for roughly 92% of Lookonchain's daily Bitcoin intake, with IBIT adding 2,785 BTC and FBTC receiving 2,522 BTC.
- • BlackRock's ETHA recorded an 11,764 ETH daily withdrawal in Lookonchain's snapshot, the dominant driver of the reported Ether outflow.
- • Farside's completed October 21 session showed $524.8 million in Bitcoin inflows and $14.9 million in Ether inflows, directly contradicting Lookonchain's Ether direction and highlighting a data-provider discrepancy.
- • Farside recorded three consecutive positive Bitcoin sessions totaling about $1.07 billion from October 19 to 21.
Summary
U.S. spot Bitcoin ETFs attracted $470.15 million in net inflows in Lookonchain's October 22 update, according to the on-chain analytics firm's snapshot. The update lists 5,766 BTC entering Bitcoin funds over one day. BlackRock's IBIT added 2,785 BTC and Fidelity's FBTC received 2,522 BTC, together representing approximately 92% of the reported daily net intake. Bitwise's BITB gained 228 BTC, ARK 21Shares' ARKB added 116 BTC, and the "Others" category received 121 BTC. Grayscale's combined entry recorded a five-BTC withdrawal. Over seven days, Lookonchain's totals show Bitcoin inflows of $937.97 million.
Lookonchain's Ether data diverged sharply from Farside Investors. The update shows 4,422 ETH (valued at $10.63 million) leaving Ethereum products, with BlackRock's ETHA accounting for an 11,764 ETH withdrawal. Fidelity's FETH received 5,239 ETH and Grayscale's combined ETHE and ETH entry added 1,366 ETH. Over seven days, Lookonchain records Ether withdrawals of $290.03 million, with ETHA responsible for approximately 93% of the net category outflow. The provider notes a one-ETH rounding discrepancy between its issuer entries and its stated aggregate.
Farside's completed October 21 records present a different picture. Bitcoin inflows were $524.8 million, with IBIT receiving $235 million and FBTC $212.7 million, while Ethereum funds attracted $14.9 million. Farside's Bitcoin table shows $526.7 million in inflows on October 19, $23.2 million on October 20, and $524.8 million on October 21, totaling roughly $1.07 billion across three sessions. Lookonchain's graphic labels its figures October 22 but does not identify a corresponding completed U.S. trading session, which may account for part of the divergence between the two providers.
Holdings figures in Lookonchain's snapshot place IBIT at 814,263 BTC and report 1,284,312 BTC across all listed Bitcoin funds. For Ether, the graphic reports 5,687,881 ETH in total ETF holdings, including 3,296,428 ETH at BlackRock. Earlier October reports from crypto.news documented sustained outflows: Bitcoin and Ethereum funds both suffered weekly withdrawals during October 12 to 16, with losses of $228.4 million and $320.1 million respectively, according to Farside-based figures. An October 10 report had cited heavier losses of $678.9 million for Bitcoin funds and $542.2 million for Ethereum products during October 5 to 9.
Lookonchain's Ether data diverged sharply from Farside Investors. The update shows 4,422 ETH (valued at $10.63 million) leaving Ethereum products, with BlackRock's ETHA accounting for an 11,764 ETH withdrawal. Fidelity's FETH received 5,239 ETH and Grayscale's combined ETHE and ETH entry added 1,366 ETH. Over seven days, Lookonchain records Ether withdrawals of $290.03 million, with ETHA responsible for approximately 93% of the net category outflow. The provider notes a one-ETH rounding discrepancy between its issuer entries and its stated aggregate.
Farside's completed October 21 records present a different picture. Bitcoin inflows were $524.8 million, with IBIT receiving $235 million and FBTC $212.7 million, while Ethereum funds attracted $14.9 million. Farside's Bitcoin table shows $526.7 million in inflows on October 19, $23.2 million on October 20, and $524.8 million on October 21, totaling roughly $1.07 billion across three sessions. Lookonchain's graphic labels its figures October 22 but does not identify a corresponding completed U.S. trading session, which may account for part of the divergence between the two providers.
Holdings figures in Lookonchain's snapshot place IBIT at 814,263 BTC and report 1,284,312 BTC across all listed Bitcoin funds. For Ether, the graphic reports 5,687,881 ETH in total ETF holdings, including 3,296,428 ETH at BlackRock. Earlier October reports from crypto.news documented sustained outflows: Bitcoin and Ethereum funds both suffered weekly withdrawals during October 12 to 16, with losses of $228.4 million and $320.1 million respectively, according to Farside-based figures. An October 10 report had cited heavier losses of $678.9 million for Bitcoin funds and $542.2 million for Ethereum products during October 5 to 9.
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