Key Takeaways
- • U.S. spot Bitcoin ETFs attracted roughly $1.08 billion in net inflows over three consecutive trading sessions, reversing two weeks of withdrawals, according to SoSoValue data.
- • Bitcoin ETFs took in approximately $528 million on October 21, led by BlackRock's IBIT at $235 million and Fidelity's FBTC at roughly $213 million.
- • October's cumulative Bitcoin ETF net flows returned to positive territory at approximately $461 million, after $484.9 million in outflows on October 7 and $678.9 million in losses the prior week.
- • U.S. spot Ether ETFs drew about $15 million, ending five sessions of withdrawals, while Solana and XRP funds also recorded modest inflows.
- • Bitcoin traded near $82,000 on October 22 after failing to hold an intraday high near $84,777, with CryptoQuant data placing newer whale cost basis at $77,120.
Summary
U.S. spot Bitcoin exchange-traded funds attracted more than $1 billion over three consecutive trading sessions, reversing recent withdrawals even as Bitcoin retreated toward $82,000 after approaching $85,000. According to SoSoValue, the funds received approximately $528 million on October 21, bringing combined inflows since Monday to roughly $1.08 billion and returning October's cumulative flows to positive territory.
Farside Investors' records show the prior sessions included $526.7 million in net inflows on October 19 and approximately $23.2 million the following session. BlackRock's iShares Bitcoin Trust led the latest session with $235 million, followed by Fidelity's Wise Origin Bitcoin Fund at $212.7 million. Grayscale's Bitcoin Trust attracted $32.6 million and Bitwise's BITB received $19.2 million. The buying followed a difficult stretch: products recorded $228.4 million in withdrawals during October 12–16, after losing approximately $678.9 million the previous week. October 7 saw the largest daily outflow since June, at $484.9 million.
Investor demand extended beyond Bitcoin. U.S. spot Ether ETFs attracted approximately $15 million, ending five consecutive sessions of withdrawals. Solana-linked funds recorded roughly $585,000 in net purchases after a 13-session outflow streak, and XRP ETFs received around $709,000. These figures were modest relative to Bitcoin's intake, though Ether funds had recorded heavier losses earlier in October.
Bitcoin climbed to an intraday high near $84,777 on October 21 before surrendering those gains. By October 22, BTC traded around $81,963, down approximately 1.20% over 24 hours, with daily trading volume near $37.2 billion according to crypto.news market data. Immediate support sits near $80,000, with $78,000 the next level if selling continues. Technical readings were mixed: the Klinger Oscillator suggested improving volume-related buying, while the Know Sure Thing indicator pointed to weaker medium-term momentum. Analyst Ali Martinez identified a TD Sequential sell signal near $85,000 and later a buy signal near $82,000.
On-chain data from CryptoQuant contributor Amr Taha showed pressure on newer holders. Taha placed the realized price of newer whales at $77,120, meaning their holdings at $82,000 sat roughly 6.3% above estimated cost basis. Binance deposit addresses had a realized price of $64,200, while long-term whales and miner whales were at $46,400 and $51,820. Taha also noted the 365-day UTXO Block P/L Count Ratio of 13.6 was close to its November 2022 reading of 11.92.
Note that monthly figures compare cumulative purchases and redemptions, while daily numbers reflect individual sessions. ETF flows measure share creation and redemption activity and do not directly indicate investor price expectations.
Farside Investors' records show the prior sessions included $526.7 million in net inflows on October 19 and approximately $23.2 million the following session. BlackRock's iShares Bitcoin Trust led the latest session with $235 million, followed by Fidelity's Wise Origin Bitcoin Fund at $212.7 million. Grayscale's Bitcoin Trust attracted $32.6 million and Bitwise's BITB received $19.2 million. The buying followed a difficult stretch: products recorded $228.4 million in withdrawals during October 12–16, after losing approximately $678.9 million the previous week. October 7 saw the largest daily outflow since June, at $484.9 million.
Investor demand extended beyond Bitcoin. U.S. spot Ether ETFs attracted approximately $15 million, ending five consecutive sessions of withdrawals. Solana-linked funds recorded roughly $585,000 in net purchases after a 13-session outflow streak, and XRP ETFs received around $709,000. These figures were modest relative to Bitcoin's intake, though Ether funds had recorded heavier losses earlier in October.
Bitcoin climbed to an intraday high near $84,777 on October 21 before surrendering those gains. By October 22, BTC traded around $81,963, down approximately 1.20% over 24 hours, with daily trading volume near $37.2 billion according to crypto.news market data. Immediate support sits near $80,000, with $78,000 the next level if selling continues. Technical readings were mixed: the Klinger Oscillator suggested improving volume-related buying, while the Know Sure Thing indicator pointed to weaker medium-term momentum. Analyst Ali Martinez identified a TD Sequential sell signal near $85,000 and later a buy signal near $82,000.
On-chain data from CryptoQuant contributor Amr Taha showed pressure on newer holders. Taha placed the realized price of newer whales at $77,120, meaning their holdings at $82,000 sat roughly 6.3% above estimated cost basis. Binance deposit addresses had a realized price of $64,200, while long-term whales and miner whales were at $46,400 and $51,820. Taha also noted the 365-day UTXO Block P/L Count Ratio of 13.6 was close to its November 2022 reading of 11.92.
Note that monthly figures compare cumulative purchases and redemptions, while daily numbers reflect individual sessions. ETF flows measure share creation and redemption activity and do not directly indicate investor price expectations.
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