On October 24, Bitcoin ETFs attracted $90.6 million in new investments, primarily fueled by institutional interest, with Fidelity's FBTC and BlackRock's
The positive trend persisted on October 28, with Bitcoin ETFs seeing $202.48 million in inflows. However,
 Bitcoin’s rebound—an increase of nearly 8% from its October 11 low of $103,000—has been supported by liquidity from ETFs. Currently, ETF holdings make up 6.78% of Bitcoin’s $1.49 trillion market cap, compared to Ethereum ETFs’ 5.55% share of Ethereum’s $484.8 billion capitalization, as highlighted by TradingNews. Analysts attribute this divergence to Bitcoin’s deflationary supply and its rising correlation with gold (0.76), reinforcing its reputation as “digital gold.” Meanwhile, the outflows from Ethereum suggest that investors are reallocating funds to Bitcoin as a safeguard against currency depreciation and anticipated global rate cuts, another point emphasized by TradingNews.
Regulatory progress is also fueling the ETF surge. The U.S. Securities and Exchange Commission (SEC) is currently reviewing 155 cryptocurrency ETF proposals, including those for Bitcoin, Ethereum, and other digital assets, with approvals expected to speed up after the government shutdown, according to TradingNews. This regulatory clarity, combined with the Federal Reserve’s dovish stance, has accelerated institutional adoption. BlackRock’s IBIT, with $89.17 billion in AUM, and Fidelity’s FBTC, at $22.84 billion, now lead the industry, reflecting a maturing market where digital assets are becoming a staple in traditional investment portfolios, as detailed by TradingNews.
Market data further illustrates the stabilizing impact of ETFs. Bitcoin’s daily volatility has dropped from 62% in July to 39% in October, and the price gap between U.S. and European ETF markets has narrowed to less than 0.2%, as observed by TradingNews. Miners have also benefited, with weekly profitability rising 11% as ETF demand absorbs available supply, helping to support prices—another trend identified by TradingNews.
Looking forward, if daily inflows remain above $100 million, Bitcoin could reach $125,000–$130,000 by early November, provided regulatory and economic conditions stay favorable, according to TradingNews. In contrast, Ethereum may face short-term challenges, with analysts cautioning about possible price declines amid outflows and increased competition from layer-2 solutions, a risk previously highlighted by Blockchain News.