Bitcoin Spot ETFs See $135M Daily Inflow, Yet 7-Day Net Outflow Persists
TREE NEWS reports: On October 29, U.S. spot Bitcoin ETFs recorded a net inflow of 1,684 BTC, worth approximately $135 million. The positive daily print marks a brief respite for the embattled products, but the broader trend remains cautious: over the past seven days, these ETFs have still bled a net 3,889 BTC, equivalent to roughly $312 million.
The daily figure aligns closely with separate data from Farside Investors, which showed U.S. Bitcoin ETFs pulling in about $137 million on October 28, confirming the scale of the recent bounce.
Ethereum ETFs Continue to Struggle
While Bitcoin products saw a one-day reprieve, spot Ethereum ETFs extended their losing streak. On October 29, they recorded a net outflow of 9,081 ETH, valued at around $21.1 million. Over the trailing seven days, the exodus totaled 101,144 ETH, or approximately $235 million. The persistent outflows suggest that institutional appetite for Ethereum exposure via ETFs remains weak relative to Bitcoin.
Industry Analysis: A Fragile Recovery
The divergence between daily inflows and weekly outflows highlights the fragile nature of the current recovery. Several factors are at play:
- Macro uncertainty: Investors are treading carefully ahead of key economic data and central bank decisions, making sustained allocations to risk assets like crypto difficult.
- Bitcoin dominance: Within the crypto ETF space, Bitcoin continues to capture the lion’s share of institutional interest, while Ethereum struggles to attract consistent inflows.
- Profit-taking and rotation: The weekly outflows may reflect profit-taking after earlier rallies, as well as rotation into other assets or strategies.
The fact that Bitcoin ETFs can post a $135 million daily inflow shows that demand is not absent—but the weekly net negative indicates that sellers still outweigh buyers over a longer horizon. For Ethereum, the picture is more concerning: the lack of a daily positive print and the size of the weekly outflow suggest that the Ethereum ETF narrative has yet to gain traction with traditional investors.
Forward-Looking Perspective
Market participants will closely watch whether the recent daily inflow into Bitcoin ETFs can string together into a sustained positive streak. A break above the weekly outflow trend would signal that institutional buyers are stepping back in, potentially providing a tailwind for BTC prices. Conversely, if outflows resume, it could reinforce a cautious stance among crypto investors.
For Ethereum, the key question is whether upcoming upgrades or staking yield narratives can revive ETF demand. Until then, the ETH ETF flow data is likely to remain a drag on sentiment. Overall, ETF flows remain a vital gauge of institutional sentiment, and the current mixed picture underscores a market still searching for direction.
