Key Takeaways
- • U.S. spot bitcoin ETFs recorded net inflows of about $21.1 million on Friday, October 9, per flow data from Farside Investors and SoSoValue, following $244.1 million in outflows on Thursday.
- • BlackRock's iShares Bitcoin Trust (IBIT) took in roughly $22.4 million on its own, more than the category's net total for the day, while Fidelity's FBTC posted net withdrawals of about $3.6 million.
- • Despite Friday's inflow, spot bitcoin ETFs finished the week with cumulative net outflows of roughly $679 million across five trading days, according to both trackers.
- • Spot ether ETFs shed about $56.1 million on Friday, their ninth consecutive session of net outflows, with BlackRock's ETHA accounting for the bulk of the withdrawal.
- • The split suggests investors favored bitcoin over ether rather than exiting crypto broadly, though thin demand was concentrated in a single fund.
Summary
U.S. spot bitcoin exchange-traded funds recorded net inflows of about $21.1 million on Friday, October 9, according to flow data from Farside Investors and SoSoValue. The modest gain followed outflows of $244.1 million on Thursday, according to the same data, as reported by HedgeCo.Net.
BlackRock's iShares Bitcoin Trust did most of the work, taking in about $22.4 million on its own, more than the category's net total for the day. Fidelity's FBTC posted net withdrawals of about $3.6 million, and most other products saw little or no change.
The inflow did not alter the weekly trend. Spot bitcoin ETFs finished the five trading days with cumulative net outflows of roughly $679 million, according to both trackers' data, which makes Friday's result look more like a pause than a reversal.
Spot ether ETFs remained under pressure. The products shed about $56.1 million on Friday, their ninth consecutive session of net outflows, with BlackRock's ETHA accounting for the bulk of the withdrawal. BlackRock was therefore the leading buyer on the bitcoin side and the main source of selling on the ether side on the same day.
For allocators using ETF flows as a gauge of institutional sentiment, the split is the key signal. Investors were not exiting crypto products wholesale, but they were favoring bitcoin over ether, and the concentration of Friday's inflow in a single fund indicates how thin demand was heading into the weekend.
BlackRock's iShares Bitcoin Trust did most of the work, taking in about $22.4 million on its own, more than the category's net total for the day. Fidelity's FBTC posted net withdrawals of about $3.6 million, and most other products saw little or no change.
The inflow did not alter the weekly trend. Spot bitcoin ETFs finished the five trading days with cumulative net outflows of roughly $679 million, according to both trackers' data, which makes Friday's result look more like a pause than a reversal.
Spot ether ETFs remained under pressure. The products shed about $56.1 million on Friday, their ninth consecutive session of net outflows, with BlackRock's ETHA accounting for the bulk of the withdrawal. BlackRock was therefore the leading buyer on the bitcoin side and the main source of selling on the ether side on the same day.
For allocators using ETF flows as a gauge of institutional sentiment, the split is the key signal. Investors were not exiting crypto products wholesale, but they were favoring bitcoin over ether, and the concentration of Friday's inflow in a single fund indicates how thin demand was heading into the weekend.
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