Bitcoin ETFs Experience Record Inflows Amid Price Surge
Spot Bitcoin ETFs in the U.S. recorded a massive $555.9 million inflow on October 14, marking the largest single-day inflow since early June. This influx coincided with Bitcoin’s price climbing to a two-week high of $66,500, signaling growing investor interest.
Key ETF Inflows Breakdown
- Fidelity Wise Bitcoin Origin Fund (FBTC): Led the surge with $239.3 million, its highest since June 4.
- Bitwise Bitcoin ETF (BITB): Followed with over $100 million in new funds.
- BlackRock iShares Bitcoin Trust (IBIT): Attracted $79.6 million in investments.
- Ark 21Shares Bitcoin ETF (ARKB): Recorded nearly $70 million in inflows.
- Grayscale Bitcoin Trust (GBTC): Received $37.8 million, its largest inflow since May.
Nate Geraci, President of ETF Store, described the event as a “monster day” for Bitcoin ETFs. He emphasized that the inflows were primarily from institutional investors and financial advisors, not just retail traders, saying, “This isn’t degen retail — this is real institutional adoption.”
Bitcoin ETFs vs. Gold Funds
According to Bloomberg ETF analyst Eric Balchunas, Bitcoin ETFs are outperforming their gold counterparts in terms of inflows. While Bitcoin ETFs have attracted more than $19 billion in net inflows since January, gold ETFs have seen only $1.4 billion, despite gold hitting all-time highs 30 times this year.
Balchunas highlighted that Bitcoin ETFs have reached new highs five times since their launch in January, indicating strong demand and adoption compared to traditional gold-based products.
Ethereum Funds Lag Behind Bitcoin
While Bitcoin ETFs enjoyed significant inflows, Ethereum funds struggled to gain traction. Leading Ethereum ETFs from Bitwise, VanEck, Franklin, and Grayscale reported zero net inflows. However, BlackRock’s iShares Ethereum Trust (ETHA) managed to attract $14.3 million, bringing its total to $17 million.
