U.S. Spot Bitcoin ETFs Attract $235M in Net Inflows, Continuing Positive Trend

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $235.19 million in net inflows on Monday, extending a two-day streak of positive capital movements, according to data from SoSoValue. Among the 12 ETFs tracked, Fidelity’s FBTC led with $103.68 million in new investments.

BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, followed closely with $97.88 million in inflows, bouncing back from no recorded flows the previous Friday.

Other ETFs Also See Inflows

Several other Bitcoin ETFs saw significant inflows as well. Bitwise’s BITB added $13.09 million, while Ark and 21Shares’ ARKB attracted $12.63 million. VanEck’s HODL saw $5.37 million in new capital, and Invesco’s BTCO recorded $2.53 million.

However, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, along with six other ETFs, reported no inflows on Monday.

The total trading volume of the 12 Bitcoin ETFs reached $1.22 billion, reflecting a slight uptick from Friday’s $1.19 billion and Thursday’s $1.13 billion.

In contrast, U.S. spot Ethereum ETFs recorded no inflows on Monday, following $7.39 million in inflows on Friday and $3.2 million in outflows the previous Thursday. The combined trading volume of the nine Ethereum ETFs dropped to $118.43 million, down from Friday’s $148.01 million.

Broader Market Movements

Amid the ETF inflows, Bitcoin slipped 1.4% to $62,757, while Ethereum fell 2.09% to $2,442. Additionally, digital asset investment products saw $147 million in outflows last week as investors grew cautious due to stronger-than-expected economic data.

Bitcoin experienced $159 million in outflows, though products that short Bitcoin saw modest inflows of $2.8 million, reflecting some hedging activity. Ethereum mirrored the broader negative trend, with $29 million in outflows.

Despite this, multi-asset investment products continued to attract inflows, drawing $29 million last week, marking the 16th consecutive week of positive momentum.

As “Uptober” progresses, Bitcoin has stabilized around $60,000, bolstered by strong Non-Farm Payroll (NFP) data and growing interest in an upcoming HBO Bitcoin documentary. Options flows suggest optimism for the fourth quarter, with investors eyeing BTC call spreads for December, targeting $75,000 to $95,000.