Bitcoin ETFs Take In $21M on Oct. 9, Still Down $679M for the Week

US spot bitcoin ETFs posted a net inflow of $21.1 million on Friday, October 9, their first positive day after two sessions that drained $731 million, according to SoSoValue data reported by KuCoin News and TokenPost. BlackRock's IBIT accounted for nearly all of it with $22.4 million. The week still ended about $679 million in the red.

Details

Only three of the twelve funds saw any movement. IBIT took in $22.4 million, lifting its cumulative net inflow since launch to $65.73 billion. VanEck's HODL added $2.3 million (cumulative $1.01 billion). Fidelity's FBTC, which lost $197 million on October 8, gave up another $3.6 million on Friday, trimming its cumulative inflow to $10.52 billion. BITB, ARKB, GBTC and the rest recorded zero net flow. Total net assets of spot bitcoin ETFs stand at $105.84 billion, or 6.38% of bitcoin's market cap, with cumulative net inflows since January 2024 at $57.11 billion.

Friday's gain does not undo a rough week. By TokenPost's count, the funds lost $678.9 million over five trading days: −$89.9 million on October 5, +$118.9 million on October 6, −$487.1 million on October 7, the worst day since June, −$244.1 million on October 8 and +$21.1 million on October 9. Per TFTC's tracker, October's month-to-date net flow is −$388.6 million.

Ether ETFs are still bleeding. SoSoValue data cited by KuCoin News shows $56.1 million leaving on October 9, a ninth consecutive day of outflows in a streak that began September 29. All of it came from a single fund, BlackRock's ETHA; the other ten products saw no flows, TokenPost reports. The funds had lost $72.5 million the day before, so the pace slowed by roughly 23%. Ether ETFs hold $15.71 billion in net assets, 5.18% of ether's market cap, with cumulative inflows of $13.26 billion.

What it means for the market

A $21 million inflow is a pause rather than a reversal: strip out IBIT and the group is flat to negative, and the two red days midweek pulled out 35 times what came back on Friday. Still, the change of sign matters after a selling wave triggered by Iran strike fears and rising yields: institutional sellers appear to have run out of steam, and BlackRock is back on the buy side.

Ether funds look weaker, with nine straight days of outflows, even if the daily amounts are shrinking. As long as ETHA sheds money every session, it is too early to call a return of institutional demand for ETH. The next test is Monday, October 13: whether buyers come back to FBTC and ARKB, not just IBIT. Live prices and derivatives sentiment are on the daily dashboard; for how to read ETF flows, see our explainer.