U.S. spot Bitcoin ETFs have now seen net inflows for four consecutive days, but the quality of those inflows has clearly weakened.
According to SoSoValue data, net inflows for the full U.S. trading day on October 29 were just $17.07 million, down from $137 million the day before. The breakdown tells an even clearer story: BlackRock’s IBIT saw $12.79 million in net inflows, while Fidelity’s FBTC brought in $10.53 million. Together, their inflows exceeded the day’s total, as Grayscale’s Mini Trust recorded $15.35 million in net outflows, offsetting much of the gains.
So this isn’t a broad-based recovery. It looks more like two major players are holding up the market while other investors remain on the sidelines or pull back. As of publication, these ETFs had total net assets of $104.268 billion and cumulative net inflows of $57.624 billion. The overall asset base remains substantial, but marginal momentum has weakened considerably.
My take: the “consecutive days of inflows” headline still holds, but the next report will matter: will more products join in, or will the market continue to rely on one or two funds? Which matters more to you—the number of consecutive days, or the daily amount and breadth of participation?
$BTC #ETF #FundFlows
According to SoSoValue data, net inflows for the full U.S. trading day on October 29 were just $17.07 million, down from $137 million the day before. The breakdown tells an even clearer story: BlackRock’s IBIT saw $12.79 million in net inflows, while Fidelity’s FBTC brought in $10.53 million. Together, their inflows exceeded the day’s total, as Grayscale’s Mini Trust recorded $15.35 million in net outflows, offsetting much of the gains.
So this isn’t a broad-based recovery. It looks more like two major players are holding up the market while other investors remain on the sidelines or pull back. As of publication, these ETFs had total net assets of $104.268 billion and cumulative net inflows of $57.624 billion. The overall asset base remains substantial, but marginal momentum has weakened considerably.
My take: the “consecutive days of inflows” headline still holds, but the next report will matter: will more products join in, or will the market continue to rely on one or two funds? Which matters more to you—the number of consecutive days, or the daily amount and breadth of participation?
$BTC #ETF #FundFlows