In a notable surge, United States spot Bitcoin exchange-traded funds (ETFs) experienced their largest inflow in over four months, with over $555 million pouring into the market on October 14. This remarkable inflow marked the highest single-day net increase since early June, according to recent statistics. The timing coincided with Bitcoin reaching a two-week peak, trading at $66,500 later that same day.
The significant inflow reflects a growing interest from both institutional and advisory investors, as the cumulative net inflows for Bitcoin ETFs approached $20 billion over the past ten months. The Fidelity Wise Bitcoin Origin Fund led the charge with inflows totaling $239.3 million, its most substantial influx since June. Following closely were the Bitwise Bitcoin ETF with over $100 million, and BlackRock’s iShares Bitcoin Trust, which attracted $79.6 million. Meanwhile, the Ark 21Shares Bitcoin ETF recorded inflows of just under $70 million, and Grayscale’s Bitcoin Trust marked its first inflow for October with $37.8 million — the highest since early May.
In a comparison of performance, Bitcoin ETFs have significantly outpaced gold -based ETFs in terms of inflow. Since the launch of Bitcoin funds in January, these products have reached an all-time high on five occasions, a stark contrast to gold , which has seen record highs 30 times this year but only $1.4 billion in net inflows.
On the other hand, Ethereum funds have struggled to replicate this momentum, with minimal to no flows reported for several major providers. The BlackRock iShares Ethereum Trust managed to bring in $14.3 million, raising its total to $17 million, highlighting the disparity in demand between Bitcoin and Ethereum -focused investment products.
