October's Bitcoin ETF ledger: -$907M... then +$550M back.
US spot BTC ETFs bled $907.3M over Oct 5–16 — the whole October selloff, priced in red on Farside's table.
Then the reversal. Oct 19: +$526.6M in ONE session, the biggest inflow day in nearly a month — BlackRock's IBIT alone took $665.2M, its biggest single-day print since Sept 22. Oct 20: +$23.2M. Today: +$23.19M.
Three straight positive sessions. Farside's framing: the Oct 19–20 inflows alone offset 61% of the entire Oct 5–16 outflow. Add today and the ledger is roughly 63% healed.
Honest both sides:
- October is STILL about $334M in the red. Three prints don't erase a $907M hole — and $BTC still sits near $82.7k. The money came back; the price hasn't lifted yet.
- But the direction flipped fast: record outflows to record inflows inside one week, and the biggest buyer is buying again.
October needs roughly one more $335M day to finish green, with the Fed meeting next week. Question: does the ledger close the gap — or was this a dead-cat inflow?
US spot BTC ETFs bled $907.3M over Oct 5–16 — the whole October selloff, priced in red on Farside's table.
Then the reversal. Oct 19: +$526.6M in ONE session, the biggest inflow day in nearly a month — BlackRock's IBIT alone took $665.2M, its biggest single-day print since Sept 22. Oct 20: +$23.2M. Today: +$23.19M.
Three straight positive sessions. Farside's framing: the Oct 19–20 inflows alone offset 61% of the entire Oct 5–16 outflow. Add today and the ledger is roughly 63% healed.
Honest both sides:
- October is STILL about $334M in the red. Three prints don't erase a $907M hole — and $BTC still sits near $82.7k. The money came back; the price hasn't lifted yet.
- But the direction flipped fast: record outflows to record inflows inside one week, and the biggest buyer is buying again.
October needs roughly one more $335M day to finish green, with the Fed meeting next week. Question: does the ledger close the gap — or was this a dead-cat inflow?