Key Takeaways
- • U.S. spot Bitcoin ETFs drew more than $1.07 billion in net inflows over three trading sessions through Wednesday, according to Farside data, reversing October's earlier outflow trend.
- • BlackRock's iShares Bitcoin Trust (IBIT) led the rebound with $665.2 million in inflows on Monday, its largest daily intake since October 2025.
- • Spot Ether ETFs lost approximately $1.01 billion in net outflows in October through Wednesday, with BlackRock's iShares Ethereum Trust (ETHA) accounting for roughly $954 million of that.
- • ETHA does not stake its Ether, whereas direct Ether holdings can potentially earn staking yield, a possible factor in the divergence though the data alone does not confirm it.
- • A separate $41 million transfer of 500 BTC linked by Arkham Intelligence to convicted trafficker Clifton Collins moved to a Coinbase Prime deposit address, though it does not establish a sale.
Summary
U.S. spot Bitcoin ETFs attracted more than $1.07 billion in net inflows over three trading sessions through Wednesday, according to Farside data, reversing October's earlier outflow trend. Inflows were $526.7 million on Monday, $23.2 million on Tuesday and $524.8 million on Wednesday. The rebound occurred even as Bitcoin traded around $81,904, down 1.6% over 24 hours. Month-to-date net inflows for Bitcoin ETFs reached nearly $460 million, though the article notes that whether this marks a sustained recovery depends on whether inflows persist in subsequent sessions.
BlackRock's iShares Bitcoin Trust (IBIT) led the Monday session with $665.2 million in inflows, its largest daily intake since October 2025, and attracted another $235 million on October 21. Fidelity's Wise Origin Bitcoin Fund (FBTC) received $212.7 million, its largest daily inflow of the month. Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF and ARK 21Shares Bitcoin ETF also recorded inflows on Wednesday.
Ether ETFs moved in the opposite direction. Spot Ether ETFs recorded approximately $1.01 billion in net outflows this month through Wednesday, with ETHA accounting for approximately $954 million of October outflows, nearly all of the group's losses. Ether ETFs posted roughly $15 million in net inflows on Wednesday, ending a five-session outflow streak. The article identifies staking as one potential difference: ETHA does not stake its holdings, whereas direct Ether holdings can potentially earn yield through staking. It also cites Bitmine, led by Tom Lee, which reportedly staked another 159,728 ETH during the week according to 99 bitcoins. The article cautions that the flow data alone does not establish whether staking, price expectations or broader market positioning explains the divergence.
Separately, Arkham Intelligence linked a wallet to convicted Irish drug trafficker Clifton Collins, which transferred 500 BTC, worth approximately $41 million, to a Coinbase Prime deposit address on Tuesday. Collins reportedly accumulated 6,000 BTC in 2011 and 2012, and about 2,500 BTC from Collins-linked holdings have reportedly moved during 2026, leaving roughly 3,500 BTC in associated wallets. The article notes the transfer does not establish that the Bitcoin was sold or affected ETF flows.
The immediate question for ETF investors is whether Bitcoin's renewed fund demand can persist despite geopolitical uncertainty, while Ether funds continue to face substantial withdrawals.
BlackRock's iShares Bitcoin Trust (IBIT) led the Monday session with $665.2 million in inflows, its largest daily intake since October 2025, and attracted another $235 million on October 21. Fidelity's Wise Origin Bitcoin Fund (FBTC) received $212.7 million, its largest daily inflow of the month. Grayscale Bitcoin Mini Trust, Bitwise Bitcoin ETF and ARK 21Shares Bitcoin ETF also recorded inflows on Wednesday.
Ether ETFs moved in the opposite direction. Spot Ether ETFs recorded approximately $1.01 billion in net outflows this month through Wednesday, with ETHA accounting for approximately $954 million of October outflows, nearly all of the group's losses. Ether ETFs posted roughly $15 million in net inflows on Wednesday, ending a five-session outflow streak. The article identifies staking as one potential difference: ETHA does not stake its holdings, whereas direct Ether holdings can potentially earn yield through staking. It also cites Bitmine, led by Tom Lee, which reportedly staked another 159,728 ETH during the week according to 99 bitcoins. The article cautions that the flow data alone does not establish whether staking, price expectations or broader market positioning explains the divergence.
Separately, Arkham Intelligence linked a wallet to convicted Irish drug trafficker Clifton Collins, which transferred 500 BTC, worth approximately $41 million, to a Coinbase Prime deposit address on Tuesday. Collins reportedly accumulated 6,000 BTC in 2011 and 2012, and about 2,500 BTC from Collins-linked holdings have reportedly moved during 2026, leaving roughly 3,500 BTC in associated wallets. The article notes the transfer does not establish that the Bitcoin was sold or affected ETF flows.
The immediate question for ETF investors is whether Bitcoin's renewed fund demand can persist despite geopolitical uncertainty, while Ether funds continue to face substantial withdrawals.
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