BlackRock and Fidelity Investments significantly increased their Bitcoin holdings on October 23, 2025, in the United States. The two firms collectively added $90.6 million through their respective spot Bitcoin Exchange Traded Funds (ETFs). This notable inflow occurred while overall trading activity in the cryptocurrency market has shown signs of slowing down.
Data compiled by Farside Investors indicates that these substantial inflows originated from only two specific funds, and importantly, no Bitcoin ETF experienced outflows on that particular day.
BlackRock And Fidelity Increase Bitcoin ETF Inflows
The total Bitcoin ETF inflows for October 23, 2025, amounted to $90.6 million. According to Farside Investors' data, Fidelity's FBTC fund attracted $57.92 million, while BlackRock's IBIT fund saw an addition of $32.68 million.
The update reveals that these two prominent firms were responsible for the entirety of the reported inflows for the day. Their consistent purchasing activity underscores a strong and sustained interest in Bitcoin from major asset management institutions.
In parallel, the overall trading value for Bitcoin ETFs decreased to $3.34 billion, with total net assets reaching $149.96 billion. This figure represents 6.78% of the total Bitcoin market capitalization. Despite the reduction in trading volume, the new inflows are crucial in bolstering Bitcoin's appeal and accessibility among large-scale investors.
As of the latest reporting, Bitcoin, the leading digital asset, was trading at $111,570.49, marking a 0.35% increase over the preceding 24 hours. The trading volume experienced a decline of approximately 19.32%, settling at $40.42 billion. The market capitalization remained robust, hovering near $2.22 trillion. Bitcoin's performance indicates a slow but steady recovery, maintaining its position higher than the previous day's close.
BlackRock and Fidelity have consistently added to their Bitcoin holdings through ETFs throughout the current year. Their strategic buying decisions significantly influence market dynamics, as many investors closely monitor their investment patterns.
Ethereum Records Outflows On The Same Day
In contrast to Bitcoin's positive inflows, Ethereum ETFs experienced outflows on the same date, failing to mirror Bitcoin's performance. These outflows amounted to $93.6 million on October 23, 2025.
Farside Investors' data highlights that BlackRock's ETHA fund recorded outflows totaling $100.99 million. While Grayscale's ETH fund saw inflows of $7.40 million, this amount only partially offset the overall losses.
The trading value for Ethereum ETFs decreased to $1.41 billion, with net assets totaling $26.39 billion. This represents 5.55% of the Ethereum market capitalization, indicating a slight reduction compared to the previous day.
Ethereum was trading at $3,941.92, showing a decrease of 0.53% in the last 24 hours. Its trading volume also fell by 29.21% to $26.57 billion, reflecting a general slowdown in market activity.
Market Watches Conditions During Shutdown
The United States government has been operating under a shutdown for the past 25 days. Data from Myriad suggests that 79% of traders anticipate the shutdown will extend into November.
This ongoing government shutdown could potentially influence investor decisions, with some choosing to adopt a wait-and-see approach pending greater market clarity. Despite the observed decrease in trading volumes, both Bitcoin and Ethereum have managed to trade higher than their respective levels from the previous day.
The strategic move by BlackRock and Fidelity to increase their Bitcoin holdings provides substantial support for the cryptocurrency. Their recent purchase, valued at $90.6 million, demonstrates consistent demand at a time when the broader market remains cautious. Investors are expected to continue monitoring ETF flows closely as market conditions evolve.