Farside’s preliminary ETF data show US spot Bitcoin funds eking out a $301.2 million net inflow for the week despite two heavy days of redemptions, while Ether-listed funds finished the week with a $220.7 million net outflow.
What happened
- Bitcoin funds drew big buying early in the week (Monday–Wednesday) — about $1.0747 billion in total — but much of that was given back on Thursday and Friday, which together saw $773.5 million of outflows. After those reversals, the provisional five-session tally sits at a $301.2 million inflow.
- Friday’s Bitcoin outflows were concentrated in BlackRock’s IBIT (-$110.3 million) and Fidelity’s FBTC (-$31.8 million). Morgan Stanley’s MSBT posted a modest $4.2 million inflow on Friday.
Ether funds fared worse
- Ether-listed products showed a $110.6 million withdrawal on Thursday, followed by a small $4.4 million inflow on Friday, leaving a provisional weekly outflow of $220.7 million. The late-session gain did little to offset earlier redemptions.
Data caveats
- These numbers were taken from Farside Investors’ table checked on October 24 and are provisional. Farside’s feeds displayed a dash for VanEck’s Friday entry in both Bitcoin and Ether tables — a missing data point that has not been confirmed as zero. Published totals should therefore be treated as incomplete snapshots and could change with updates.
Why this matters (and what it doesn’t tell you)
- The flows indicate stronger demand for Bitcoin vs. Ether through these listed vehicles across this particular week, but they don’t reveal who the buyers were, how long they’ll hold, or activity outside these ETFs.
- It’s important to distinguish ETF share trading from creations/redemptions: investors can exchange existing shares with one another without any immediate change to the fund’s assets. Similarly, blockchain custody movements alone don’t provide a full picture of subscriptions and redemptions. Fund flows, share counts, and custody transfers must be interpreted together.
The outlook
- The key question for next week is whether fresh subscriptions can rebuild the demand lost over Thursday and Friday. A positive weekly balance leaves that possibility open, but the late-week pullback suggests institutional demand is not yet a steady, one-way bid.
Written by the News Desk; edited by Samuel Rae.
What happened
- Bitcoin funds drew big buying early in the week (Monday–Wednesday) — about $1.0747 billion in total — but much of that was given back on Thursday and Friday, which together saw $773.5 million of outflows. After those reversals, the provisional five-session tally sits at a $301.2 million inflow.
- Friday’s Bitcoin outflows were concentrated in BlackRock’s IBIT (-$110.3 million) and Fidelity’s FBTC (-$31.8 million). Morgan Stanley’s MSBT posted a modest $4.2 million inflow on Friday.
Ether funds fared worse
- Ether-listed products showed a $110.6 million withdrawal on Thursday, followed by a small $4.4 million inflow on Friday, leaving a provisional weekly outflow of $220.7 million. The late-session gain did little to offset earlier redemptions.
Data caveats
- These numbers were taken from Farside Investors’ table checked on October 24 and are provisional. Farside’s feeds displayed a dash for VanEck’s Friday entry in both Bitcoin and Ether tables — a missing data point that has not been confirmed as zero. Published totals should therefore be treated as incomplete snapshots and could change with updates.
Why this matters (and what it doesn’t tell you)
- The flows indicate stronger demand for Bitcoin vs. Ether through these listed vehicles across this particular week, but they don’t reveal who the buyers were, how long they’ll hold, or activity outside these ETFs.
- It’s important to distinguish ETF share trading from creations/redemptions: investors can exchange existing shares with one another without any immediate change to the fund’s assets. Similarly, blockchain custody movements alone don’t provide a full picture of subscriptions and redemptions. Fund flows, share counts, and custody transfers must be interpreted together.
The outlook
- The key question for next week is whether fresh subscriptions can rebuild the demand lost over Thursday and Friday. A positive weekly balance leaves that possibility open, but the late-week pullback suggests institutional demand is not yet a steady, one-way bid.
Written by the News Desk; edited by Samuel Rae.