Key takeaways
- Bitcoin ETFs recorded $175.7 million in net inflows, led by Fidelity’s FBTC
- Ethereum ETFs attracted $24.8 million, ending a painful outflow streak
- BTC and ETH prices recovered alongside ETF demand, but both ETF categories remain heavily negative for October
US spot Bitcoin and Ethereum exchange-traded funds returned to positive territory on Oct. 13, after attracting a combined $200.5 million in net inflows.
Bitcoin ETFs pulled in $175.7 million, while Ethereum ETFs recorded $24.8 million in inflows. The turnaround came after a difficult stretch for both products and coincided with a recovery in BTC and ETH prices.
Bitcoin ETFs See $175.7 Million Rebound
Bitcoin ETFs recorded $175.7 million in net inflows on Oct. 13, which reversed the previous session’s $65.4 million outflow.
BTC ETF flows (Source: Farside Investors)
Fidelity’s FBTC led the gains with $103.1 million in inflows, while BlackRock’s IBIT added $65.9 million. Morgan Stanley’s MSBT contributed another $6.7 million.
The positive session was a sharp improvement after heavy withdrawals earlier in October. Bitcoin ETFs recorded $484.9 million in net outflows on Oct. 7 and another $244.1 million on Oct. 8.
Despite the latest rebound, Bitcoin ETFs have still experienced roughly $707 million in net outflows so far in October, keeping pressure on the traditionally bullish “Uptober” narrative.
Ethereum ETFs End Eight-Day Outflow Streak
Ethereum ETFs also returned to positive flows, and recorded $24.8 million in net inflows on Oct. 13. Grayscale’s ETH product led the session with $16.7 million in inflows, while Fidelity’s FETH attracted $8.1 million.
ETH ETF flows (Source: Farside Investors)
The rebound ended a ten-trading-day streak of net outflows for Ethereum ETFs. Even after the latest inflows, Ethereum ETFs are still deeply negative for October.
BTC and ETH Prices Recover Alongside ETF Flows
The return of ETF inflows happened as Bitcoin and Ethereum prices also recovered over the same 24-hour period. Bitcoin climbed back above the $83,000 level after recent selling pressure, while Ethereum recovered toward the $2,500 region.
The simultaneous improvement in ETF flows and crypto prices could suggest that some institutional investors are beginning to rebuild exposure after the recent market downturn. However, one positive trading session is unlikely to completely reverse October’s trend.