Bitcoin ETF Inflows Of $526.7M Cut October's Net Outflow To $88M

One Monday did most of the repair work. Bitcoin ETF inflows reached $526.7 million on October 19 across the US spot funds, according to Farside Investors' flow table, and that single session changed how October looks.

IBIT, BlackRock's fund, drew $665.2 million by itself. Fidelity's FBTC lost $83.6 million and Grayscale's GBTC lost $54.9 million, which is why the total sits below the IBIT figure.

Farside's bitcoin ETF table for October 13 to 19, in millions of dollars. The Total row at the bottom is cumulative since launch. Source: Farside Investors.

Where October stood before the Monday

Add up the twelve sessions from October 1 to October 16 and the funds had lost $614.7 million net. Only six of those days were positive. The best one was $189.9 million on October 2, and the worst was a $484.9 million drain on October 7.

Against that backdrop the Monday inflow is nearly three times the previous best day of the month. It also arrived right after a Friday that lost $82.4 million, so the turn was sharp. Our earlier piece on the weekly outflows put the previous seven days at $228.4 million out, and this one session wiped out more than twice that.

What the bitcoin ETF inflows do to October

With $526.7 million added, October's net now stands at a loss of $88.0 million across thirteen sessions. The month is not positive yet. It is a long way from the roughly $615 million hole it was in a session earlier.

The mix matters too. Almost all of the new money went through one product. The other eleven funds in the table either recorded nothing or lost money that day, so this was not a broad wave of buying across issuers. Buyers chose IBIT, and sellers trimmed FBTC and GBTC at the same time. Those bitcoin ETF inflows were really one fund's story.

The five sessions in the screenshot net out at a gain of $363.7 million, so the last week of data has turned positive even though the month has not. The fee row in the same table adds a detail. IBIT and FBTC charge 0.25% a year, while GBTC charges 1.50%, and the money leaving that day came from the priciest fund on the list.

Farside's cumulative total for all the funds now reads $57.5 billion. The same row shows IBIT at roughly $66.2 billion and GBTC at negative $28.0 billion, since Grayscale's older fund has lost money ever since it converted to an ETF.

How to read one day of ETF flows

Daily flow figures are noisy, and a single large print rarely tells you much about the next one. October's own record shows it: a $175.7 million day on October 13 was followed by a $261.4 million drain the day after.

What the table can answer is narrower. It shows that on October 19 net demand through the US funds was strongly positive, and that it was concentrated in one issuer. Anyone tracking the monthly total only has to watch one number, the running balance, which now sits $88.0 million below zero. Whether Tuesday looks the same will show up when Farside posts the next row.

Flow figures are reported by issuers and tallied by Farside, and revisions are possible. This article reports published data and offers no investment advice.