Key Notes
- Bitcoin ETFs attracted about $137 million in the October 28 session.
- Ether ETFs lost about $21 million for a third consecutive day of net withdrawals.
- BlackRock’s IBIT accounted for almost all of the Bitcoin group’s net inflow.
U.S. spot Bitcoin ETFs recorded approximately $137.3 million in net inflows on October 28, while spot Ether ETFs lost about $21.4 million. The split extended Bitcoin funds’ positive run to three sessions as Ether funds continued to face withdrawals.
Farside Investors’ published Bitcoin figures and Ether figures show a combined net inflow of about $115.9 million across the two groups. That calculation covers only these Bitcoin and Ether products, rather than every crypto ETF.
| U.S. Spot ETF Group | October 28 Net Flow |
|---|---|
| Bitcoin | +$137.3 million |
| Ether | −$21.4 million |
| Combined | +$115.9 million |
BlackRock Drives Bitcoin’s Third Positive Session
BlackRock’s IBIT accounted for $136 million of the Bitcoin group’s inflow. Bitwise’s BITB added approximately $1.3 million, while the other funds in Farside’s table showed no net flow.
The result follows $110.3 million of Bitcoin ETF inflows on October 26 and $176 million on October 27. Together, the three sessions brought roughly $423.6 million into the group, based on the rounded daily totals.
The concentration matters: Wednesday’s positive result was largely an IBIT story, rather than evidence that every issuer attracted new allocations. It also followed substantial redemption days earlier in October.
Ether Inflows Fail to Offset ETHA Withdrawals
Ether’s negative total was driven by approximately $44.8 million leaving BlackRock’s ETHA. Fidelity’s FETH attracted $18.8 million, Grayscale’s ETH added $3.6 million and Morgan Stanley’s MSSE received about $1 million.
Those inflows partly offset ETHA’s withdrawals, leaving the group negative overall. The October 28 result followed net outflows of $88.6 million on Monday and $60.2 million on Tuesday.
Across those three sessions, Ether funds lost approximately $170.2 million. Bitcoin and Ether therefore moved in opposite directions through the ETF channel, rather than participating in a uniform return of fund demand.
Fund Flows Are One Part of the Market Picture
The trading session coincided with the Federal Reserve’s decision to hold its policy-rate range at 3.75%–4.00% in a split vote. CoinScreamer’s Fed report covers that decision and Bitcoin’s trading around it. The daily ETF totals do not establish that the policy announcement caused investors’ allocations.
Our earlier Wintermute coverage examined the market maker’s view that steadier Treasury yields and renewed ETF inflows would support a recovery. The latest figures improve Bitcoin’s short-run fund balance while leaving Ether’s withdrawals unresolved.
Net flows measure fund creations and redemptions, distinct from ETF shares changing hands on an exchange. They are also different from assets under management, which can move with the underlying coin’s price. Farside’s automatically updated tables can be revised as data changes.
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