United States spot Bitcoin exchange-traded funds staged a powerful comeback at the start of the week, recording $526.7 million in net inflows on Monday to mark their largest single-day intake in nearly a month. The strong performance provided a much-needed morale boost to the institutional crypto investment sector, effectively reversing a bruising market phase that had seen the funds log net weekly withdrawals over the course of the preceding two weeks.
According to market data compiled by Farside Investors, Monday’s substantial inflows represent the strongest single-day performance for the aggregate group of US spot Bitcoin investment vehicles since Sept. 22. On that late-September day, the funds attracted an impressive $714.7 million from institutional and retail investors alike. More immediately, Monday’s record rebound successfully wiped away the sting of Friday’s trading session, which had closed with $82.4 million in net outflows as cautious sentiment briefly dominated the broader financial markets.
At the center of Monday’s market surge was BlackRock’s iShares Bitcoin Trust (IBIT). The crypto asset management giant’s flagship product led the market gains by pulling in a staggering $665.2 million in daily inflows. In a testament to IBIT’s dominant market share, its individual intake actually exceeded the net total across all US spot Bitcoin exchange-traded funds combined.
However, the path to Monday’s net positive total was not entirely unhindered, as the massive inflows recorded by BlackRock were partially offset by notable capital withdrawals from competing issuers. Fidelity’s Wise Origin Bitcoin Fund (FBTC) experienced $83.6 million in net withdrawals during the session, while the Grayscale Bitcoin Trust (GBTC) saw $54.9 million leave its coffers. Meanwhile, according to data from Farside Investors, all other remaining spot Bitcoin exchange-traded funds recorded flat performance, registering no net flows for the day as investors paused to reassess their portfolio allocations.
Monday’s dramatic turnaround arrives on the heels of a prolonged period of downward pressure that had severely tested the resilience of spot Bitcoin products in the US market. The rebound successfully interrupted a punishing sequence that had seen the funds suffer through two consecutive weeks of net outflows on a weekly basis. Over the course of last week alone, spot Bitcoin exchange-traded funds shed approximately $229 million in cumulative capital, following an even steeper loss of $681 million during the week prior.
The downward trajectory was punctuated by acute episodes of market stress, most notably on Oct. 7, when the funds bled an alarming $483.9 million in a single day. That mid-October session marked the largest single-day withdrawal for the asset class since June, highlighting a period of heightened risk aversion among institutional allocators amid shifting macroeconomic indicators, fluctuating crypto prices, and broader global financial uncertainties.
Despite the psychological and financial significance of Monday’s $526.7 million injection, US spot Bitcoin exchange-traded funds still face an uphill battle to return to positive territory for the broader month. Daily figures compiled by Farside indicate that, even accounting for Monday’s massive rebound, the cumulative performance of US spot Bitcoin products remains roughly $88 million in negative territory for the month of October. This lingering monthly deficit underscores the depth of the capital drain that occurred during the earlier weeks of the month, suggesting that sustained buying pressure will be required over the remainder of the period to fully wipe out the multi-week losses.
While Bitcoin investment products enjoyed a triumphant start to the week, the broader digital asset exchange-traded fund landscape presented a more complex and divergent picture. In stark contrast to the strong inflows captured by Bitcoin funds, United States spot Ether exchange-traded funds recorded $103.3 million in net outflows on Monday.
The downward pressure on Ether products was primarily driven by heavy capital flight from BlackRock’s own iShares Ethereum Trust (ETHA), which accounted for $95.4 million in single-day withdrawals. Monday’s negative flows extended a painful streak for Ether-based investment vehicles, which lost approximately $320 million over the course of the previous week. This downward trend marks the third consecutive week of net withdrawals for US spot Ether funds, highlighting a persistent divergence in institutional appetite between the two largest cryptocurrencies by market capitalization.
The contrasting fortunes of Bitcoin and Ether ETFs continue to draw intense scrutiny from traditional finance and crypto-native analysts alike, as market participants monitor how macroeconomic catalysts, regulatory developments, and shifting institutional risk tolerances will influence capital flows across digital asset investment products in the weeks ahead.
