US spot Bitcoin ETFs saw $89.9M net outflows on October 5, while spot Ethereum ETFs recorded $111M net inflows; BlackRock's IBIT and ETHA were the only funds with positive flows.
Macro & Markets ·
On October 5, US spot Bitcoin ETFs experienced net outflows of $89.8978 million, with BlackRock's IBIT standing as the only fund among them to attract inflows. The same day, spot Ethereum ETFs moved in the opposite direction, posting $111 million in net inflows, though again BlackRock's ETHA was the sole fund registering positive flows in that category.
The divergence reflects mixed investor sentiment across the two largest crypto asset classes. Bitcoin's outflow pattern, even with BlackRock's inclusion, suggests broader redemption pressure, while Ethereum's inflow total masks concentrated demand at a single issuer. The data underscores how fund-level concentration can mask category-wide trends, with both Bitcoin and Ethereum markets seeing capital migration away from smaller or less prominent product offerings.
It remains unclear what drove the directional split between the two asset classes or whether the flows reflect tactical rebalancing, market-timing moves, or shifts in underlying investor positioning.