U.S. spot Bitcoin ETFs rebounded with $3.24 billion in weekly inflows, marking their second‑best performance since launching in January 2024. The surge follows the previous week’s $902 million in outflows, creating a $4.14 billion week‑over‑week swing.
BlackRock’s IBIT captured $1.8 billion of total inflows, maintaining its position as the industry‑leading fund. With $96.2 billion in assets under management, IBIT dominates both inflows and trading volume among Bitcoin ETF products.
Fidelity’s FBTC secured $692 million in inflows, representing approximately 38 % of BlackRock’s total. IBIT traded several billion dollars in shares daily throughout the week, while FBTC peaked at $715 million in daily volume.
The inflow surge coincides with Bitcoin retesting its all‑time high near $124,000 achieved in August. October historically represents a strong month for the cryptocurrency, with the U.S. government shutdown potentially contributing additional momentum to the rally.
Spot Ethereum ETFs saw $1.3 billion in inflows, marking a significant rebound. This represents a $2.1 billion reversal from the previous week’s record outflows since inception, the highest withdrawal period for these products.
Trading volume surged across Ethereum products, with $12.22 billion in shares traded Friday alone. This single‑day figure represented roughly 62 % of the entire previous week’s ETH ETF volume.
BlackRock’s ETHA ETF dominated with approximately two‑thirds of total weekly volume. The fund captured $691.7 million in inflows as institutional interest in Ethereum products strengthened.
Analysts view ETF inflows as a key sentiment indicator for the crypto market. Iliya Kalchev from Nexo noted that four‑week inflows approaching $4 billion could retire over 100,000 Bitcoin from circulation at current rates, more than double new issuance.
Continued inflows may provide significant support for Bitcoin’s October performance. The month historically ranks second‑best for average returns, with investors expectin