A strong wave of institutional capital is fueling Bitcoin’s momentum: U.S. spot Bitcoin ETFs recorded $197.8 million in net inflows in a single session, further amplifying October’s rally. Meanwhile, Ethereum’s products saw outflows that snapped an eight-day run of positive flows.
According to the data, U.S. spot Bitcoin ETFs have now amassed $62.77 billion in cumulative net inflows, with total assets under management reaching $164.79 billion and daily trading volume near $5.32 billion. . Bitcoin’s representation in the broader market is about 6.8 %, highlighting its rising institutional importance.
BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $255.47 million, cementing its dominance in the sector. Meanwhile, the Grayscale Bitcoin Trust (GBTC) experienced outflows of $45.55 million, and other funds showed mixed movements.
Capital Rotation: Bitcoin Gains While Ethereum Pauses
On the flip side, Ethereum’s ETFs saw net outflows of $8.7 million, ending their eight-day streak of inflows. ETHA posted the largest inflows among Ethereum funds, whereas FETH led withdrawals.
In price terms, Bitcoin has risen over 10 % in October, reaching a peak near $126,080 before retreating. Ethereum, meanwhile, was trading around $4,352, down about 2.3 % on the day and 3.2 % for the week.
The renewed momentum for Bitcoin ETFs follows a string of strong inflow sessions this month. Earlier in the week, Bitcoin ETFs logged $1.19 billion in inflows on October 6, their highest daily total since July, with BlackRock accounting for more than 80% of that amount.
Bitcoin (BTC) itself has risen over 10% in October, peaking at $126,080 before pulling back to around $121,000 at press time, down 0.6% in the past 24 hours.
This dynamic points to capital rotation within the crypto ecosystem: as Bitcoin solidifies its role as a preferred asset for large investors, Ethereum may face heightened challenges to sustain consistent fund flows in a competitive landscape.
