Key Highlights
- BlackRock’s IBIT led the Bitcoin ETF rebound with $195.57 million in inflows, helping push total flows back to $102.67 million.
- Bitcoin ETFs recovered after losing about $149 million on September 30, ending a nine-session inflow streak.
- Bitcoin ETFs recorded $2.65 billion in inflows throughout September, while Ethereum, Solana, and XRP ETFs also saw strong monthly inflows.
U.S. spot Bitcoin ETFs returned to positive flows on October 1, pulling in $102.67 million after investors took $148.7 million out of the funds a day earlier.
According to data from SosoValue on October 2 at 6:59 p.m. UTC, BlackRock’s IBIT led the comeback with $195.57 million in new money, helping the Bitcoin ETF market recover quickly from the previous day’s broad selloff.
The rebound came just one day after Bitcoin ETFs ended a nine-session run of inflows. On September 30, all 12 U.S. spot Bitcoin ETFs recorded outflows, with about $149 million leaving the funds.
Fidelity’s FBTC saw the biggest withdrawal at about $125.58 million, while Bitwise’s BITB lost $13.63 million and BlackRock’s IBIT recorded a $9.48 million outflow.
Bitcoin ETFs return to net inflows
That picture changed quickly on October 1. BlackRock’s IBIT attracted $195.57 million, making it the main force behind the return to positive flows. The $195.57 million inflow more than offset the combined outflows from several other funds.
Grayscale’s Bitcoin Mini Trust also recorded an inflow of $14.59 million, while Morgan Stanley’s MSBT brought in another $7.04 million.
These inflows added to the buying seen in the Bitcoin ETF market as investors returned after the previous day’s selling.
Other Bitcoin ETFs still see money leave
Fidelity, however, continued to see money leave its Bitcoin ETF. FBTC recorded a $60.73 million outflow on October 1. Grayscale’s GBTC lost $31.39 million, while Ark & 21Shares’ ARKB and Bitwise’s BITB recorded outflows of $7.72 million and $6.89 million, respectively.
Despite those withdrawals, the strong flow into BlackRock’s fund pushed the overall market back into the green.
According to data from SosoValue on October 2 at 6:59 p.m. UTC, Bitcoin ETF trading volume reached $1.97 billion, while total net assets rose to $109.34 billion. The funds have also taken in $2.99 billion over the past 30 days.
Bitcoin ETFs record $2.65B September inflows
The new purchase also follows a strong September for U.S. crypto ETFs. The CryptoTimes reported that Bitcoin funds led the month with $2.65 billion in inflows, while Ethereum ETFs recorded $832.43 million.
Solana and XRP ETFs brought in $271.61 million and $121.40 million, respectively, according to SosoValue data.
For Bitcoin ETFs, the fund saw steady purchase for a while before the final day brought a sharp change. The funds recorded roughly $3.1 billion in inflows during their nine-session winning run. The streak ended on September 30, when all 12 U.S. spot Bitcoin ETFs recorded net outflows.
Ether ETFs continue to face selling pressure
The wider crypto ETF market also looked mixed on October 1. According to data from SosoValue on October 2 at 6:59 p.m. UTC, Ether ETFs lost $55.37 million for a third straight session. Fidelity’s FETH lost $23.50 million, while Grayscale’s ETHE recorded a $20.39 million outflow.
Some newer products still attracted buyers. Bitwise’s NEAR ETF added $8.08 million for its third straight session of inflows. XRP ETFs gained $4.07 million, while Grayscale’s HYPE ETF recorded a $4.96 million inflow.
Zcash and Solana ETFs, meanwhile, remained under pressure. Grayscale’s ZCSH lost $28.26 million, while Solana ETFs recorded $5.91 million in net outflows.
For Bitcoin ETFs, though, the story changed within a day. After broad selling closed September, BlackRock’s $195.57 million inflow helped turn the page and bring the funds back to positive territory on October 1.
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