Bitcoin ETF Inflows Hit 9-Day Streak as ‘Uptober’ Sees 21 New Crypto ETF Filings

• Since inception, BlackRock Bitcoin IBIT has accumulated $65 billion in net inflows and 802,197 BTC, and is approaching $100 billion AUM.
• Over the past two months, 31 U.S. crypto ETF applications have been submitted to the SEC, with most facing deadlines this month.

Spot Bitcoin ETFs in the United States have recorded inflows for the ninth consecutive day in a row as the ‘Uptober’ season kicks in within the crypto space. BlackRock’s iShares Bitcoin Trust (IBIT) has been leading most of the inflows as the fund approaches $100 billion in assets under management (AUM).

Furthermore, the rally this month has seen 21 crypto ETF filings so far.

BlackRock Bitcoin ETF Dominates Most Inflows

Spot Bitcoin ETFs have seen record inflows, registering net positive flows for the ninth consecutive day on October 10. The net flows across all US ETF issuers reached $197 million, while the BlackRock Bitcoin ETF (IBIT) has been leading most of the inflows at $255 million, as per data from SoSoValue.

BlackRock’s Bitcoin ETF (IBIT) recorded strong inflows on Wednesday, adding 2,111 BTC, equivalent to $255.4 million. The fund also saw robust trading activity, with a total volume of $3.8 billion. This highlights continued investor demand for Bitcoin exposure through regulated ETF products.

Amid strong inflows in recent weeks, the net inflows in BlackRock’s IBIT have crossed $65 billion, while the funds’ total BTC holdings have reached 802,197 coins. As reported by CNF, the fund is now approaching $100 billion AUM, becoming one of the fastest funds to reach this milestone, beating some of the top S&P 500 ETFs available in the market.

BlackRock has been single-handedly dominating the Bitcoin ETF inflows since inception, as the second-largest competitor, Fidelity, is lagging at just $12.7 billion in inflows since inception. The optimism surrounding the ‘Uptober’ rally could potentially drive further inflows.

21 Crypto ETF Filings This Uptober

Over the past two months, at least 31 crypto exchange-traded fund (ETF) applications have been submitted to the U.S. Securities and Exchange Commission (SEC), with 21 filings occurring in the first eight days of October alone.

The surge in ETF filings coincides with a strong rebound in crypto markets. These have seen notable gains over the past month in a pattern often referred to as “Uptober.” Meanwhile, geopolitical and domestic developments continue to influence financial markets.

The US government shutdown has temporarily paused federal operations, including SEC reviews of ETF applications. Despite these challenges, analysts remain optimistic that the coming weeks could see a wave of crypto ETF approvals.

A crypto-friendly shift at the U.S. Securities and Exchange Commission (SEC) has prompted a wave of filings from fund managers aiming to launch crypto-related ETFs. According to Bloomberg Intelligence ETF analyst James Seyffart, as of August 29, roughly 92 crypto exchange-traded products were pending the SEC’s approval.