Monthly Overview
In October 2024, net flows into spot crypto ETFs were predominantly positive, with a total net increase of +$5.4B. The flows were largely concentrated in Bitcoin and Ethereum, with Bitcoin seeing the majority of inflows.
Weekly Breakdown
| Week | Net flow |
|---|---|
| Oct 1 – Oct 4 | -$392.9M |
| Oct 7 – Oct 11 | +$303.7M |
| Oct 14 – Oct 18 | +$2.2B |
| Oct 21 – Oct 25 | +$973.0M |
| Oct 28 – Oct 31 | +$2.3B |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$4.6B
- Fidelity (BTC): +$496.8M
- BlackRock (ETH): +$197.0M
- Bitwise (BTC): +$137.3M
- Grayscale BTC (BTC): +$66.3M
Largest outflows
- Grayscale (ETH): -$212.3M
- 21Shares (BTC): -$77.0M
- Grayscale (BTC): -$65.9M
- Bitwise (ETH): -$8.9M
Market Interpretation
Bitcoin attracted significant institutional capital, highlighted by BlackRock's inflow of +$4.6B. While Ethereum experienced some inflows, it also faced notable outflows, particularly from Grayscale, which suggests some investors are reallocating their positions. The strongest day for net flows occurred on October 30 with +$897.7M, indicating renewed interest, while the worst day on October 1 shows initial selling pressure.
Conclusion
The month concluded with a robust net figure of +$5.4B, reflecting strong demand for Bitcoin and a more mixed response for Ethereum. Overall, the data underscores a favorable sentiment in the crypto ETF space.
Flows are net creations minus redemptions, published the next morning (T+1). Text written by AI from computed figures. Market data for informational purposes only. Not investment advice.