US spot Bitcoin ETFs attracted $526.7 million in net inflows on Monday, marking their strongest daily performance in nearly a month. The recovery followed two consecutive weeks of investor withdrawals, suggesting renewed demand for Bitcoin investment products.
BlackRock’s iShares Bitcoin Trust (IBIT) dominated the session, attracting $665.2 million in fresh capital. However, withdrawals from Fidelity and Grayscale partially offset those gains.
According to data from Farside Investors, Monday’s inflows were the largest since September 22, when US spot Bitcoin ETFs recorded $714.7 million in net investments.
The latest figures also marked a significant turnaround from Friday’s $82.4 million in net outflows.
BlackRock’s Bitcoin ETF Leads With $665 Million in Inflows
BlackRock’s IBIT emerged as the strongest-performing US spot Bitcoin ETF, attracting $665.2 million in a single trading session.
Notably, BlackRock’s inflows exceeded the combined net investments recorded across the entire US spot Bitcoin ETF market.
However, other major funds experienced continued selling pressure.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded $83.6 million in net withdrawals, while the Grayscale Bitcoin Trust (GBTC) suffered outflows of $54.9 million.
The remaining US spot Bitcoin ETFs reported no net capital movements during the session.
These figures highlight the concentration of investor demand in BlackRock’s Bitcoin investment product, even as competing funds continued to experience withdrawals.
Bitcoin ETF Inflows Recover After Two Weeks of Losses
Monday’s rebound followed a difficult period for US spot Bitcoin ETFs, which had recorded net weekly outflows for two consecutive weeks.
During the previous week, investors withdrew approximately $229 million from the funds.
That followed an even larger withdrawal of $681 million in the preceding week.
The selling pressure was particularly pronounced on October 7, when US spot Bitcoin ETFs experienced $483.9 million in daily outflows.
That represented their largest single-day withdrawal since June.
Despite the latest recovery, cumulative Bitcoin ETF flows for October remained approximately $88 million in negative territory, according to Farside Investors.
The figures suggest that while investor demand has improved, Monday’s inflows have not yet fully reversed the withdrawals recorded earlier in the month.
Ethereum ETFs Face $103 Million in Outflows
While Bitcoin ETFs attracted substantial fresh capital, US spot Ethereum ETFs continued to experience selling pressure.
Ether investment funds recorded $103.3 million in net outflows on Monday, highlighting a clear contrast between the two largest cryptocurrency ETF markets.
BlackRock’s iShares Ethereum Trust (ETHA) accounted for most of the withdrawals, with investors pulling approximately $95.4 million from the fund.
The latest decline followed another challenging week for Ethereum investment products.
US spot Ether ETFs lost approximately $320 million during the previous week, extending their streak of net weekly withdrawals to three consecutive weeks.
The continued outflows suggest that investor appetite for Ethereum-focused funds remains weaker than demand for Bitcoin ETFs.
What Do the Latest Bitcoin ETF Flows Mean for the Crypto Market?
The sharp recovery in US spot Bitcoin ETF inflows indicates that investor demand for Bitcoin exposure has strengthened following recent market weakness.
However, the concentration of inflows in BlackRock’s IBIT suggests that buying activity was not evenly distributed across investment providers.
Meanwhile, continued withdrawals from Ethereum ETFs highlight differences in investor positioning between Bitcoin and other major cryptocurrencies.
Although Monday’s $526.7 million inflow represents an encouraging development for Bitcoin investment products, the negative monthly balance suggests that broader market confidence has not fully recovered.
Investors will likely monitor upcoming ETF flow data to determine whether the latest rebound signals a sustained improvement in demand or a temporary recovery following weeks of withdrawals.
