Bitcoin ETFs Bounce Back With $446 Million While Ether Funds See Outflows
U.S. spot Bitcoin ETFs saw a net inflow of $446 million for the week ending October 24, reversing previous outflows and indicating a resurgence of institutional interest in the cryptocurrency. BlackRock’s iShares
The resurgence in Bitcoin ETF inflows came after a turbulent week, which saw $101 million withdrawn on October 22 amid profit-taking and global tensions. Inflows resumed on October 23, with IBIT, Fidelity’s FBTC, and Bitwise’s BITB together bringing in $132.4 million. BlackRock’s ETF now commands 58.2% of the Bitcoin ETF market, reinforcing its status as the leading choice for institutional investors, according to TradingNews. In contrast, Ethereum ETFs continue to lag, despite a 266% jump in assets under management for BlackRock’s ETHA, with Grayscale’s GBTC and
ETF activity has become a major influence on Bitcoin’s price movements, with inflows and outflows directly impacting short-term trends. Since January 2024, ETF flows have played a bigger role in shaping Bitcoin’s trajectory than large individual holders, as U.S. spot ETFs now account for 6.4% of the total supply—about 1.66 million
Ethereum’s recent difficulties mirror broader issues in the altcoin sector. Although Ethereum ETFs attracted $8.7 billion in inflows during Q3—outpacing Bitcoin for the first time—recent withdrawals indicate a move back to Bitcoin as investors look for better yields and regulatory certainty. Ethereum’s market share has fallen to 11.9%, compared to Bitcoin’s 55.7%, as staking returns drop and SEC scrutiny dampens sentiment, TradingNews and FinanceFeeds noted.
Technical analysis also points to a positive outlook for Bitcoin. The cryptocurrency has stabilized above $110,000, with an RSI near 56 and a widening bullish MACD. A break above $112,000 could set sights on $118,500, in line with derivatives positioning and ongoing ETF inflows, TradingNews observed. Meanwhile, Bitcoin futures trading volume on Binance soared to $543.3 billion in October, signaling strong speculative interest even as spot volatility narrows, according to the same sources.
Looking forward, analysts expect continued inflows into Bitcoin ETFs as institutions allocate more capital, anticipating Federal Reserve rate cuts in early 2026. Ethereum’s prospects for recovery hinge on greater economic clarity and improved staking incentives. With Bitcoin ETFs now holding over 800,000 BTC—valued at $22.3 billion—the market’s liquidity and price discovery are becoming more centralized, further cementing Bitcoin’s status as the benchmark digital asset, as reported by TradingNews and a