On 14th October, US spot Bitcoin exchange-traded funds (ETFs) experienced their largest daily inflow in over four months, attracting $555.9 million in investments. Data from Farside Investors shows that this surge marks the biggest day for inflows since early June, as Bitcoin hit a two-week high of $66,500.
Nate Geraci, President of ETF Store, referred to the day as a “monster day” for spot Bitcoin ETFs. Geraci noted that these funds have now garnered nearly $20 billion in net inflows over the past ten months. “This is NOT ‘degen retail,’ it’s advisers and institutional investors slowly adopting,” Geraci added in a post on X.
Leading ETFs See Major Inflows
The Fidelity Wise Bitcoin Origin Fund (FBTC) led the way, with $239.3 million flowing in—its highest inflow since 4th June. The Bitwise Bitcoin ETF (BITB) saw $100 million in inflows, while BlackRock’s iShares Bitcoin Trust (IBIT) attracted $79.6 million.
Daily Bitcoin ETF inflows (green) on Oct. 14 were the highest since June. Source: CoinGlass
Other notable funds include Ark 21Shares Bitcoin ETF (ARKB), which received just under $70 million, and Grayscale Bitcoin Trust (GBTC), which recorded its first inflow for October at $37.8 million, the highest since May.
Bitcoin ETFs Outshine Gold ETFs
In an analysis shared on X, Bloomberg senior ETF analyst Eric Balchunas compared Bitcoin ETFs to gold-based products. He highlighted that since the January launch of Bitcoin funds, the asset has reached an all-time high five times. Meanwhile, gold has hit record highs 30 times this year, yet gold ETFs have only attracted $1.4 billion in net inflows, compared to over $19 billion for Bitcoin ETFs.
Source: Eric Balchunas
Ethereum ETFs Lag Behind
While Bitcoin ETFs enjoyed significant inflows, Ethereum funds lagged behind. Several major Ethereum ETFs, including those from Bitwise, VanEck, and Grayscale, saw no net inflows. However, BlackRock’s iShares Ethereum Trust (ETHA) managed to pull in $14.3 million, bringing its total to $17 million.
