HedgeCo.Net — U.S. spot bitcoin exchange-traded funds took in a net $110.3 million on Monday, October 26, according to Farside Investors data, and the entire amount went into BlackRock’s iShares Bitcoin Trust. Every other listed spot bitcoin fund, including Fidelity’s FBTC, Grayscale’s GBTC, ARK’s ARKB and Bitwise’s BITB, reported zero flows for the day.
The inflow ended a two-day run of redemptions. The funds lost $635.6 million on October 22 and $137.9 million on October 23, a combined $773.5 million, according to Farside’s table. IBIT alone shed $364.4 million over those two sessions, so Monday’s purchase won back less than a third of its own outflows.
Ether funds moved the other way. U.S. spot ether ETFs lost about $88.6 million on the same day, with BlackRock’s ETHA leading the redemptions, Crypto Briefing reported. October has been a heavy month for ether products, with outflows topping $1.1 billion, the largest monthly withdrawal for those funds this year, according to the same report.
Single-fund days need a caveat. Some issuers report late, and Farside updates its table as figures arrive, so zeros at the start of the U.S. day can turn into numbers later. Even so, the concentration in IBIT is consistent with a pattern in which the largest and most liquid wrapper captures marginal institutional demand while smaller funds sit idle.
For allocators, Monday’s print looks more like a pause in selling than a clear return of demand. Bitcoin traded just under $80,000 ahead of this week’s Federal Reserve decision, and the split between bitcoin inflows and ether outflows suggests investors are paring crypto exposure to the most established asset rather than adding risk across the sector. A broader return of buyers beyond IBIT would be the clearer signal.