Bitcoin ETFs record $477M in inflows after four days of outflows

• Spot Bitcoin ETFs post $477 million net inflow after recent outflows.
• Ethereum ETFs attract $141.6 million, led by Fidelity and BlackRock.
• Bitcoin trades near $108,000 amid resistance, signalling a possible correction.

Spot bitcoin exchange-traded funds (ETFs) in the US registered strong inflows on Tuesday, reversing the previous week’s outflow trend.

According to data from Farside Investors, total daily net inflows reached $477.2 million, signalling renewed investor confidence following a period of volatility in the crypto market.

BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $210.9 million, while the Ark & 21Shares Bitcoin ETF (ARKB) followed with $162.8 million.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) also recorded $34.15 million in new investments.

The inflows come after several consecutive sessions of net withdrawals across spot crypto ETFs, which collectively lost over $1 billion in recent days as persistent trade tensions between the US and China weighed on investor sentiment.

Despite the rebound in inflows, overall trading activity remained elevated.

Bitcoin ETFs posted $7.41 billion in total trade volume on Tuesday.

Throughout October, daily trading volumes have fluctuated between $5 billion and $9.78 billion — significantly higher than the $2 billion to $4 billion range seen in September.

Ethereum ETFs attract $141.6 million

Spot Ethereum ETFs also saw renewed investor participation.

On Tuesday, the funds collectively attracted $141.6 million in net inflows, according to Farside data.

Fidelity’s FETH accounted for the largest portion at $59 million, while additional inflows came from funds operated by BlackRock, Grayscale, and VanEck.

The combined rebound across Bitcoin and Ethereum ETFs suggests that institutional appetite for crypto exposure remains strong despite recent price corrections.

Bitcoin price holds near $108,000

At the time of writing on Wednesday, Bitcoin (BTC) was trading around $108,500, stabilising after facing resistance the previous day.

The cryptocurrency found support near the 61.8% Fibonacci retracement level at $106,453, drawn from its April low of $74,508 to its record high of $126,199.

BTC rebounded nearly 4% by Monday but later slipped 2% on Tuesday after being rejected from the 50-day Exponential Moving Average (EMA) at $113,606.

If the downward momentum continues, Bitcoin could revisit support near $106,453.

A decisive close below this level may open the door for further declines toward the October 10 low of $102,000.

Ethereum mirrors Bitcoin’s weakness

Ethereum (ETH) has also shown signs of weakness, extending its recent correction.

After retreating by more than 4% last week from resistance at $4,232, the cryptocurrency continued to slide by another 3% through Tuesday.

ETH was trading around $3,847 on Wednesday.

Should the downward trend persist, Ethereum may test the 61.8% Fibonacci retracement level at $3,593, which aligns closely with the 200-day EMA — a key area that could determine whether the broader trend remains intact or shifts further bearish.