Thomas Daniels
U.S. Spot Bitcoin ETFs See Unprecedented $3B Inflows Amid Heightened Retail Demand
October has proven a record-setting month for U.S. spot Bitcoin exchange-traded funds (ETFs), which have drawn in over $3 billion in net inflows, driven by the strongest demand seen in six months. Weekly inflows have been robust, with more than $1 billion streaming into the 12 Bitcoin ETFs over the past week alone. BlackRock’s IBIT, the leading ETF by net assets, is approaching $24 billion in total inflows since its inception, highlighting significant interest.
The previous week set a particularly bullish tone, marking the first time since March 2024 that weekly Bitcoin ETF inflows surpassed $2 billion. During the week beginning October 14, Bitcoin ETFs registered a five-day inflow streak totaling over $2.13 billion, with initial daily inflows of $555.86 million.
This week’s inflows also remained robust, initiating on October 21 with $294.29 million and maintaining a steady seven-day upward trend. Although there was a brief outflow of $79.09 million on October 22, inflows promptly resumed, closing out on October 25 with an impressive $402 million in a single day, according to data from SoSoValue.
The top-performing funds included BlackRock’s IBIT, which achieved a 10-day inflow streak totaling $291.96 million. Other notable ETFs contributing to the weekly surge include:
- Fidelity’s FBTC: $56.95 million
- ARK 21Shares’s ARKB: $33.37 million
- VanEck’s HODL: $11.34 million
- Grayscale Bitcoin Mini Trust: $5.92 million
- Bitwise’s BITB: $2.55 million
According to a post by CryptoQuant CEO Ki Young Ju, demand momentum for spot Bitcoin ETFs is the highest since April, approaching levels seen during the last Bitcoin halving. Over the past 30 days, net inflows to Bitcoin ETFs reached 65,962 BTC, with retail investors driving much of the demand—approximately 80% of spot Bitcoin ETF holdings are attributed to retail investors.
Bloomberg’s Eric Balchunas anticipates that Bitcoin holdings within these ETFs may soon exceed 1 million BTC, approaching the holdings associated with Bitcoin’s creator, Satoshi Nakamoto, who retains an estimated 1.1 million BTC.
As of the latest trading data, Bitcoin is priced at $67,007, reflecting a 1.3% decline, with a total market capitalization of $1.32 billion.
