Bitcoin spot ETFs logged $21.13M net inflows on Oct 9 while Ethereum ETFs suffered their ninth consecutive day of outflows totaling $56.10M.
Macro & Markets ·
On October 9, U.S. spot Bitcoin ETFs drew $21.13 million in net inflows, driven primarily by BlackRock's IBIT with $22.38 million, while Fidelity's FBTC registered $3.58 million in outflows, according to SoSoValue data. The same day marked a contrasting trend for Ethereum products, which posted $56.10 million in net outflows.
The Ethereum ETF outflows extended an established pattern—the ninth consecutive trading day of redemptions in the category. All of the day's Ethereum outflows originated from BlackRock's ETHA, suggesting concentrated investor exit pressure from a single issuer rather than broad-based retreat from multiple products.
What remains unclear is whether the Bitcoin inflows reflect fresh demand or rebalancing activity, and whether the sustained Ethereum outflows signal a shift in investor preference between the two asset classes or temporary tactical repositioning ahead of broader market moves.