Key Takeaways
- • US spot Bitcoin ETFs recorded $5.1 million in net inflows on Oct. 15, returning to positive territory after $261.4 million in outflows on Oct. 14, according to Farside Investors data.
- • BlackRock's IBIT led the session with $16.8 million in inflows, while Grayscale's GBTC lost $7.6 million and Invesco's BTCO shed $4.1 million.
- • Bitcoin rebounded to around $82,087 after briefly dipping toward $79,700, though the small inflow is viewed as a possible stabilization rather than a decisive recovery.
- • October ETF outflows were heavy, including $484.9 million on Oct. 7 and $244.1 million on Oct. 8, underscoring weaker institutional demand this month.
Summary
US spot Bitcoin ETFs narrowly returned to positive net flows on Oct. 15, recording $5.1 million in net inflows, according to Farside Investors data cited by Coinpaper. The modest recovery followed $261.4 million in net outflows on Oct. 14 and $65.4 million on Oct. 12, and the publication notes that institutional demand remains considerably weaker than earlier in the month.
BlackRock's iShares Bitcoin Trust (IBIT) led the session with $16.8 million in inflows. Grayscale's Bitcoin Trust (GBTC) recorded $7.6 million in withdrawals and Invesco's BTCO fund lost $4.1 million, while the remaining funds reported no net movement. Coinpaper concludes that institutional investors are becoming more selective.
The inflow is small relative to the selling pressure seen throughout October. Spot Bitcoin ETFs recorded $484.9 million in net withdrawals on Oct. 7 and a further $244.1 million on Oct. 8. A brief return to inflows on Oct. 13 ($175.7 million) was erased by the subsequent selloff. Coinpaper characterizes the latest figure as suggesting potential stabilization rather than a decisive recovery in demand.
Price action showed a similar pattern. BTC briefly fell below the $80,000 level, dropping toward $79,700 during Thursday's session, before buyers returned. At press time it traded near $82,087, up just over 1% over the prior 24 hours. The article links the volatility to stronger-than-expected US inflation data that raised concerns about further Federal Reserve interest rate increases. Coinpaper notes that the relatively small ETF inflows suggest institutional investors have yet to fully embrace the price recovery.
BlackRock's iShares Bitcoin Trust (IBIT) led the session with $16.8 million in inflows. Grayscale's Bitcoin Trust (GBTC) recorded $7.6 million in withdrawals and Invesco's BTCO fund lost $4.1 million, while the remaining funds reported no net movement. Coinpaper concludes that institutional investors are becoming more selective.
The inflow is small relative to the selling pressure seen throughout October. Spot Bitcoin ETFs recorded $484.9 million in net withdrawals on Oct. 7 and a further $244.1 million on Oct. 8. A brief return to inflows on Oct. 13 ($175.7 million) was erased by the subsequent selloff. Coinpaper characterizes the latest figure as suggesting potential stabilization rather than a decisive recovery in demand.
Price action showed a similar pattern. BTC briefly fell below the $80,000 level, dropping toward $79,700 during Thursday's session, before buyers returned. At press time it traded near $82,087, up just over 1% over the prior 24 hours. The article links the volatility to stronger-than-expected US inflation data that raised concerns about further Federal Reserve interest rate increases. Coinpaper notes that the relatively small ETF inflows suggest institutional investors have yet to fully embrace the price recovery.
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