Key Takeaways
- • US spot Bitcoin ETFs recorded net inflows of $21.13 million on October 9, according to SoSoValue data, following $244.1 million in net outflows the previous day.
- • BlackRock's IBIT alone took in $22.38 million, more than the entire category's net figure, while Fidelity's FBTC posted $3.58 million in net withdrawals and VanEck's HODL added $2.33 million.
- • Spot Ether ETFs shed $56.10 million on October 9, their ninth consecutive session of net outflows, with BlackRock's ETHA accounting for a considerable share of the redemptions.
- • Over the past five trading days, spot Bitcoin ETFs posted cumulative net outflows of approximately $679 million; total AUM stands near $105.84 billion and cumulative net inflows since January 2024 near $57.11 billion.
Summary
US spot Bitcoin ETFs drew $21.13 million in net inflows on October 9, according to data from SoSoValue, a modest figure that followed a sharp reversal from the prior session, when the same group of funds lost $244.1 million. The inflow was concentrated in a single product. BlackRock's iShares Bitcoin Trust (IBIT) contributed $22.38 million on its own, more than the category's net total. VanEck's HODL added $2.33 million, while Fidelity's FBTC recorded $3.58 million in net withdrawals. The remaining products reported no net change for the day.
The broader trend remains negative. Over the past five trading days, spot Bitcoin ETFs recorded cumulative net outflows of approximately $679 million. Since the products launched in January 2024, cumulative net inflows have reached roughly $57.11 billion, and total assets under management across the US spot Bitcoin ETFs are about $105.84 billion. According to the source, the cumulative inflow figure equates to about 6.38% of Bitcoin's total market capitalization.
Ethereum products showed weaker demand. Spot Ether ETFs shed $56.10 million on October 9, marking their ninth consecutive session of net redemptions. BlackRock's ETHA accounted for a considerable share of that withdrawal, a notable divergence given that the same issuer was the largest buyer of Bitcoin ETF shares that day.
The source notes that spot ETFs hold the underlying asset directly, so net inflows generally require the fund to acquire more of the coin, while outflows reduce holdings. Daily flow trackers such as SoSoValue and Farside Investors are widely watched as an indicator of institutional sentiment. The source characterizes the day's data as evidence of selective positioning, with investors adding to Bitcoin exposure while trimming Ether rather than exiting crypto ETFs broadly. It also highlights that the inflow depended heavily on IBIT.
The broader trend remains negative. Over the past five trading days, spot Bitcoin ETFs recorded cumulative net outflows of approximately $679 million. Since the products launched in January 2024, cumulative net inflows have reached roughly $57.11 billion, and total assets under management across the US spot Bitcoin ETFs are about $105.84 billion. According to the source, the cumulative inflow figure equates to about 6.38% of Bitcoin's total market capitalization.
Ethereum products showed weaker demand. Spot Ether ETFs shed $56.10 million on October 9, marking their ninth consecutive session of net redemptions. BlackRock's ETHA accounted for a considerable share of that withdrawal, a notable divergence given that the same issuer was the largest buyer of Bitcoin ETF shares that day.
The source notes that spot ETFs hold the underlying asset directly, so net inflows generally require the fund to acquire more of the coin, while outflows reduce holdings. Daily flow trackers such as SoSoValue and Farside Investors are widely watched as an indicator of institutional sentiment. The source characterizes the day's data as evidence of selective positioning, with investors adding to Bitcoin exposure while trimming Ether rather than exiting crypto ETFs broadly. It also highlights that the inflow depended heavily on IBIT.
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