Bitcoin ETF Inflows Surge Amid Whale Accumulation

Spot Bitcoin ETFs witnessed a significant spike in inflows this week, surpassing $2.13 billion, with whales accumulating Bitcoin at a pace reminiscent of the lead-up to the 2020 rally. The surge follows six consecutive days of positive flows, marking the first time weekly inflows have crossed the $2 billion mark since March 2024. Total inflows across Bitcoin ETFs have now reached $20.94 billion, a milestone that took gold ETFs years to achieve. On October 14, weekly inflows peaked at $555.86 million, though the pace moderated to $273.71 million by October 18, according to SoSoValue data.

ARK 21Shares’ ARKB led with $109.86 million in inflows, maintaining a 7-day streak, followed by BlackRock’s IBIT with $70.41 million. Other notable funds include Bitwise’s BITB ($35.96 million) and Fidelity’s FBTC ($18.0 million). While several funds recorded inflows, Grayscale, WisdomTree, and Franklin Templeton saw no new flows.