Key Takeaways
- • U.S. spot bitcoin ETFs drew $137.3 million of net inflows on Wednesday, October 28, their third consecutive day of positive flows, according to Farside Investors; SoSoValue reported a similar $137.33 million.
- • BlackRock's iShares Bitcoin Trust (IBIT) took in $136.0 million, accounting for almost all of the day's flows, while Bitwise's BITB added $1.3 million.
- • Fidelity's FBTC and Grayscale's GBTC reported no flows on the session, so the streak reflects concentrated demand in a single fund rather than broad-based buying across issuers.
- • The three-day inflow total of about $423.6 million recovers more than half, but not all, of the $773.5 million that left the funds on October 22 and 23.
- • Ether ETFs lost a further $21.4 million on October 28, bringing their three-session outflows to roughly $170 million.
Summary
U.S. spot bitcoin exchange-traded funds recorded $137.3 million of net inflows on Wednesday, October 28, extending their positive flow streak to three consecutive sessions, according to data from Farside Investors. SoSoValue data showed a similar total of $137.33 million.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for nearly all of the activity, taking in $136.0 million, while the Bitwise Bitcoin ETF (BITB) added $1.3 million. Every other fund in Farside's table, including Fidelity's FBTC and Grayscale's GBTC, reported no flow for the session.
The October 28 inflows followed $110.3 million on October 26 and $176.0 million on October 27, bringing the three-day total to about $423.6 million. That recovery offsets more than half, but not all, of the $773.5 million that exited the funds on October 22 and 23.
Ether ETFs moved in the opposite direction, losing a further $21.4 million on October 28, according to Farside data cited by Bitcoin Insider. That brings outflows across the three sessions to about $170 million.
For allocators, the concentration of flows is as significant as their direction. With nearly all recent demand routed through one vehicle, the streak appears less like broad-based buying across issuers and more like a continuation of IBIT's dominance in the category, which now holds about $66.5 billion of cumulative net inflows on Farside's figures.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for nearly all of the activity, taking in $136.0 million, while the Bitwise Bitcoin ETF (BITB) added $1.3 million. Every other fund in Farside's table, including Fidelity's FBTC and Grayscale's GBTC, reported no flow for the session.
The October 28 inflows followed $110.3 million on October 26 and $176.0 million on October 27, bringing the three-day total to about $423.6 million. That recovery offsets more than half, but not all, of the $773.5 million that exited the funds on October 22 and 23.
Ether ETFs moved in the opposite direction, losing a further $21.4 million on October 28, according to Farside data cited by Bitcoin Insider. That brings outflows across the three sessions to about $170 million.
For allocators, the concentration of flows is as significant as their direction. With nearly all recent demand routed through one vehicle, the streak appears less like broad-based buying across issuers and more like a continuation of IBIT's dominance in the category, which now holds about $66.5 billion of cumulative net inflows on Farside's figures.
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