Bitcoin ETF inflows just went through the roof. On October 14, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a mind-blowing $555.9 million poured into them, according to Farside Investors. It’s the fattest single-day haul in over four months, and the crypto community is buzzing. As Bitcoin touched a two-week high of $66,500 during late trading, investors went into overdrive, shifting millions into these BTC-backed financial products.
A Monster Inflow Day for Bitcoin ETFs
ETF Store President Nate Geraci couldn’t hold back his excitement. He called it a “monster day” for spot BTC ETFs, with inflows now creeping up to $20 billion over the past ten months. That number’s blowing past even the most optimistic forecasts from pre-launch days. “Simply ridiculous,” Geraci posted on X (formerly Twitter). He also noted this isn’t retail FOMO flooding the market. Nope, this is institutional capital, with financial advisers and big-time money managers getting comfy with BTC exposure.
Fidelity Leads the Pack, Others Trail
Fidelity Wise Bitcoin Origin Fund (FBTC) took the crown for the largest inflow on October 14, with a massive $239.3 million injection. It’s FBTC’s best performance since June 4. Close behind, Bitwise Bitcoin ETF (BITB) attracted over $100 million, while BlackRock’s iShares Bitcoin Trust (IBIT) wasn’t left out, pulling in a solid $79.6 million.
The Ark 21Shares Bitcoin ETF (ARKB) saw inflows just shy of $70 million. Even Grayscale Bitcoin Trust (GBTC), which had been lagging, scored its first inflow of October—$37.8 million, the highest it’s seen since early May.
Bitcoin ETFs Crush Gold, Ethereum Lags Behind
Comparing Bitcoin to the traditional shiny metal, Bloomberg’s senior ETF analyst Eric Balchunas weighed in. Since January’s BTC fund launch, Bitcoin ETFs have hit an all-time high five times. Meanwhile, gold ETFs, despite gold hitting 30 record highs this year, only managed to pull in $1.4 billion in net inflows. Bitcoin ETFs have raked in over $19 billion in the same time frame.
But it’s not all rainbows for crypto. Ethereum ETFs aren’t riding the same wave. Bitwise, VanEck, Franklin, and Grayscale showed zero net flows. Invesco and Fidelity saw only a trickle. BlackRock’s iShares Ethereum Trust (ETHA) bagged $14.3 million, bringing its total to a modest $17 million.
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