David Edwards
United States spot Bitcoin exchange-traded funds (ETFs) experienced their highest one-day inflow in over four months, with net inflows totaling $555.9 million on October 14, according to data from Farside Investors. This marked the largest daily inflow since early June, coinciding with Bitcoin’s surge to a two-week high of $66,500 in late trading.
Nate Geraci, President of the ETF Store, described the inflow as a “monster day” for spot Bitcoin ETFs, which are now nearing $20 billion in cumulative net inflows over the past 10 months. In an October 15 post on X (formerly Twitter), Geraci emphasized that these investments reflect growing adoption by institutional investors and financial advisers, not just retail traders. “This is NOT ‘degen retail,’” he noted, underscoring the institutional nature of these inflows.
Leading the charge was the Fidelity Wise Bitcoin Origin Fund (FBTC), which posted a $239.3 million inflow—its largest since June 4. Other major players included the Bitwise Bitcoin ETF (BITB) with over $100 million, BlackRock’s iShares Bitcoin Trust (IBIT) with $79.6 million, and Ark 21Shares Bitcoin ETF (ARKB) with nearly $70 million. The Grayscale Bitcoin Trust (GBTC), which saw its first October inflow at $37.8 million, hit its highest daily intake since early May.
Bloomberg senior ETF analyst Eric Balchunas highlighted the rapid growth of Bitcoin ETFs in comparison to gold-based products. Despite gold hitting all-time highs 30 times this year, gold ETFs have only attracted $1.4 billion in net inflows, far below the $19 billion Bitcoin ETFs have amassed since January.
