Bitcoin ETF comeback exposes a $630 million divide with Ethereum as BlackRock dominates
Summary
US spot Bitcoin ETFs recorded $526.7 million in net inflows on Oct. 19, led by a $665.2 million investment in BlackRock’s IBIT that outweighed withdrawals from Fidelity and Grayscale funds. The inflow reversed the prior week’s net outflows, though Bitcoin ETFs remained about $380 million down over three weeks amid volatile demand and uncertainty over US interest rates. Bitcoin’s price recovered toward $82,800 after briefly dipping below $80,000. In contrast, US spot Ethereum ETFs lost $103.3 million, extending a 15-session period of withdrawals totaling more than $1.1 billion. The divergence highlights stronger demand for Bitcoin exposure and concentration of ETF inflows in BlackRock’s products.
