U.S. Spot Bitcoin ETFs Witness Record $556 Million Inflows in a Single Day
The U.S. spot Bitcoin exchange-traded funds (ETFs) have hit a major milestone, recording their largest single-day inflow since June, coinciding with Bitcoinâs price surge beyond $66,000. According to a report by Cointelegraph, these ETFs amassed a staggering $555.9 million in new investments on October 14, as Bitcoin touched a two-week high of $66,500 during after-hours trading.
This remarkable inflow marked the highest daily intake in more than four months, with data from Farside Investors confirming the impressive results across 11 Bitcoin ETFs. Nate Geraci, President of ETF Store, described the event as a âmonster dayâ for Bitcoin ETFs, noting that total inflows over the past 10 months are nearing the $20 billion mark. âThis growth has exceeded all pre-launch projections and is driven by institutional investors rather than retail hype,â Geraci wrote in an October 15 post on X (formerly Twitter).
ETF Performance Breakdown
Leading the surge, Fidelityâs Smart Bitcoin Origin Fund (FBTC) attracted $239.3 million, marking its biggest inflow since June 4. Meanwhile, Bitwiseâs Bitcoin ETF (BITB) secured just over $100 million in new investments. BlackRockâs iShares Bitcoin Trust (IBIT) saw $79.6 million in inflows, further demonstrating growing institutional interest.
Other ETFs also experienced notable gains:
Ark 21Shares Bitcoin ETF (ARKB): Nearly $70 million
Grayscale Bitcoin Trust (GBTC): Recorded its first inflow for October, totaling $37.8 millionâthe largest since May
Comparing Bitcoin and Gold ETF Trends
In an October 14 post, Bloomberg senior ETF analyst Eric Balchunas highlighted the differences between Bitcoin and gold-related products. Despite gold reaching 30 new highs this year, its ETFs have only accumulated $1.4 billion in net inflows. In contrast, Bitcoin ETFs have surpassed $19 billion in inflows since launching in January, underscoring a stronger investor appetite for digital assets.
Ethereum ETFs Struggle to Gain Traction
While Bitcoin ETFs experienced record inflows, the same momentum did not extend to Ethereum products. Several prominent Ethereum fundsâincluding those from Bitwise, VanEck, Franklin, and Grayscaleâreported no new inflows. Fidelity and Invesco saw only minimal investments, while BlackRockâs iShares Ethereum Trust (ETHA) managed to secure $14.3 million, bringing its total inflows to $17 million.
Conclusion
The record-breaking inflows into Bitcoin ETFs reflect growing institutional confidence in the asset, signaling a shift toward broader adoption beyond retail investors. With demand for Bitcoin products on the rise, the ETF landscape could continue to evolve, offering new opportunities for both individual and institutional investors alike. The next few months will be crucial, as more exchanges look to capitalize on this momentum and potentially fuel further growth in the Bitcoin ETF market.
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