Spot Bitcoin ETFs See $556M Single-Day Inflow, Highest Since June

US spot Bitcoin exchange-traded funds (ETFs) experienced their largest single-day inflow in over four months, with over half a billion dollars recorded.

According to SoSoValue, the 12 spot Bitcoin ETFs saw a net inflow of $556 million on Monday, October 14, the highest single-day inflow since early June. This inflow coincides with a rebound in bitcoin’s price, which hit a two-week high of $66,500.

Highest Inflow in Four Months

Among the ETFs, Fidelity Wise Bitcoin Origin Fund (FBTC) led the pack, recording an inflow of $239.3 million — its highest since June 4. Bitwise Bitcoin ETF (BITB) followed with inflows exceeding $100 million, while BlackRock’s iShares Bitcoin Trust (IBIT) attracted $79.6 million. 

Ark 21Shares Bitcoin ETF (ARKB) saw inflows just shy of $70 million, and Grayscale Bitcoin Trust (GBTC) had its first October inflow, totaling $37.8 million — the highest since early May.

As of the time of writing, US spot ETFs have recorded a cumulative net inflow of $19.36 billion since they started trading on January 11. The funds now have a net asset value (NAV) of $61.89 billion, representing 4.75% of bitcoin’s market value.

A Monster Day for Spot Bitcoin ETFs

Nate Geraci, President of the ETF Store, described it as a “monster day” for spot Bitcoin ETFs. He noted that net inflows for these funds have approached $20 billion over the past 10 months. 

“Simply ridiculous and blows away every pre-launch demand estimate,” he remarked in an X post. Geraci emphasized that the inflows were not driven by retail investors but by advisers and institutional players gradually increasing their adoption.

In a separate post, Eric Balchunas, a senior analyst at Bloomberg, compared Bitcoin ETFs to Gold-based products. By contrast, Gold has hit record levels 30 times this year, but Gold ETFs only accumulated $1.4 billion in net inflows, compared to over $19 billion for Bitcoin ETFs, Balchunas noted.

On the other hand, Ethereum-focused funds are yet to impress. Bitwise, VanEck, Franklin, and Grayscale reported no net inflows, while Fidelity and Invesco saw only modest amounts. The BlackRock iShares Ethereum Trust (ETHA) received $14.3 million in inflows, raising its total to $17 million.