TL;DR
- Ethereum ETFs: Net inflows of $547M ended a five‑day losing streak, with Fidelity and BlackRock leading gains. ETH trades at $4,155, still down 7% in 30 days but up 25% year‑to‑date, showing resilience despite weaker volumes.
- Bitcoin ETFs: Added $522M in fresh capital, reversing outflows as Fidelity’s FBTC dominated. BTC reclaimed $113K, bounced off $108K support, and “Uptober” seasonality reinforced optimism with average October gains of 27% since 2017.
- Market Outlook: Despite $812M global outflows and a $20B AUM drop, analysts highlight the SEC’s pending ETF rulings as pivotal. Regulatory clarity could extend October’s momentum and potentially open the door to new altcoin‑linked products.
Bitcoin and Ethereum ETFs staged a sharp rebound in the latest trading session, pulling in nearly $1.1 billion in combined inflows. The surge snapped a week-long stretch of weakness that had weighed on sentiment. Bitcoin briefly traded above $114,000 before dipping back to $112,000, while analysts flagged $115,000 as the key resistance level. The Fear and Greed index reflected neutral sentiment, but October’s historical strength for Bitcoin added to optimism.
Ethereum ETFs Lead With $547M Inflows
Ethereum products spearheaded the rally, attracting $547 million in net inflows after five consecutive days of outflows. Fidelity’s FETH captured the largest share at $202 million, followed by BlackRock’s ETHA with $154 million. Grayscale’s ETHE, Bitwise’s ETHW, and VanEck’s ETHV also posted solid gains. Despite the inflows, overall trading volumes slipped to $1.89 billion, while total net assets stood at $27.5 billion. Ethereum’s price has fallen 7% in the past 30 days but remains up 25% year-to-date, trading at $4,155.
Bitcoin ETFs Pull in $522M
Bitcoin ETFs were close behind, securing $522 million in fresh money and reversing a two-day outflow streak. Fidelity’s FBTC dominated with $299 million, while Grayscale’s GBTC added $27 million. BlackRock’s IBIT was the sole fund to experience net outflows. The inflows coincided with Bitcoin bouncing off $108,000 support to reclaim $113,000, climbing above its 50-day moving average. Historically, October has delivered average gains of 27% for Bitcoin since 2017, reinforcing the “Uptober” narrative. At press time, BTC traded at $113,024, up more than 4% in the past month.
Broader Market Sees $20B AUM Decline
The rebound contrasted with a tougher week for crypto investment products overall. Global outflows of $812 million in the week through September 27 cut industry assets under management to $221 billion, down from a record $241 billion. Analysts linked the retreat to fading expectations of US interest rate cuts and a softer Bitcoin price. The divergence highlights how ETF inflows can mask broader market weakness, underscoring the volatility that continues to define digital assets.
Regulatory Decisions Loom Large
Market watchers are now focused on pending US regulatory decisions. The Securities and Exchange Commission is expected to weigh in on several spot crypto ETF filings in the coming weeks. Nate Geraci, president of The ETF Store, noted that the next two weeks could be pivotal, potentially opening the door to new altcoin-linked products. With seasonality favoring Bitcoin and investor appetite returning, regulatory clarity could determine whether the current momentum extends deeper into October.
