U.S. spot Bitcoin ETFs recorded $527M in net inflows on October 19, with BlackRock's IBIT leading at $665M; Ethereum ETFs saw $103M outflows.
Macro & Markets ·
On October 19, U.S. spot Bitcoin ETFs experienced $527 million in net inflows, with BlackRock's IBIT fund capturing $665 million of that total, according to SoSoValue data. In contrast, the spot Ethereum ETF market saw $103 million flow out, driven largely by $95.4 million in redemptions from BlackRock's ETHA product.
The divergence reflects BlackRock's dominant position within both categories. Its Bitcoin fund led inflows while its Ethereum fund accounted for the largest share of outflows among spot Ethereum products on the day.
The single-day snapshot does not clarify whether this represents a shift in institutional demand between the two assets or a temporary rebalancing. Broader patterns in these ETF flows and their implications for asset manager positioning remain to be established.