US Spot Bitcoin ETFs End Losing Streak of Two Weeks With $301M Inflow
US spot Bitcoin ETFs broke a two-week outflow streak with $301.2M in net inflows, but Thursday's $635.6M exit, IBIT's outsized share and a still-negative October make the recovery look thin as BTC holds near $80,490.
Two weeks of red are over for US spot Bitcoin ETFs: the funds booked $301.2 million in net inflows (provisional, for the trading days ending October 24). The win looks a lot better on the weekly tally than it did on Friday's tape.
The prior two weeks combined for roughly $910 million in net outflows. This week started the opposite way: Monday took in $526.7 million, Tuesday $23.2 million and Wednesday $524.8 million, about $1.07 billion over three sessions.
Then the bid vanished. Thursday saw $635.6 million leave, the largest single-day outflow of the week and of October. Friday added another $137.9 million in redemptions, the second straight day of exits. Late-week outflows totaled about $773.5 million.
One fund carried the week
BlackRock's IBIT pulled in $565.7 million week-to-date, more than the whole category's net inflow. Do the math and the rest of the funds were net negative. IBIT itself bled $110.3 million on Friday, and Fidelity's FBTC lost $31.8 million.
The funds briefly turned positive for October midweek but remain down about $314 million for the month. Cumulative net inflows stand at $57.6 billion, with total net assets of $100.2 billion. Other estimates put AUM between $104.7 billion and $109 billion, so the asset figure depends on who is counting.
Price stuck in a range
Bitcoin slipped about 1.1% over 24 hours to roughly $80,490 on Saturday and is down 1.2% on the week, per CoinGecko data. It has held a rough $80,000 to $84,000 band while flows whipsawed.
Ethereum fell 2.6% to about $2,344 and Solana dropped 2.8% to about $101. Total crypto market cap slipped 1.2% to $2.79 trillion. The weakness came alongside a midweek global selloff, with oil above $111 a barrel and AI stocks sliding.
Prediction markets turned more cautious. On Myriad, a prediction market built by Dastan, the odds of Bitcoin dropping to $77,500 this month rose to 43% from 32% a day earlier. A fall to $75,000 is priced at 18%. The odds of topping $87,500 sank to 10% from 17%.
Ether did not join the recovery
Ether ETFs lost about $221 million on the week despite a $4.4 million inflow Friday, and are down roughly $1.18 billion for October. Solana ETFs saw no net flows Friday after $8.9 million left Thursday, and are down about $68 million for the month.
Our earlier coverage showed $320 million leaving Ether ETFs between October 12 and 16, part of $610.7 million drained from five tracked crypto ETF groups that week. The bleeding kept going.
What it means for positioning
The streak-breaker is real but thin. Late-week outflows ate most of the early $1.07 billion, October is still negative, and demand leans on a single product. Ether sitting out the bounce may point to consolidation toward Bitcoin rather than appetite for broad crypto exposure.
For traders, Thursday's $635.6 million exit is the number to watch. If flows keep fading, the bottom of the $80,000 range is the level that matters, and Myriad bettors are already leaning that way.
