According to SoSoValue, the 12 spot Bitcoin ETFs recorded $477.19 million in net inflows on Oct. 21, ending a four-day outflow streak that had seen over $1 billion exit these funds. BlackRock’s IBIT led the inflows with $210.9 million, followed by ARK 21Shares’ ARKB with $162.85 million. Other contributions came from Fidelity’s FBTC and Bitwise’s BITB, totaling $103.44 million, and no ETF posted net outflows on the day.
Despite over $1.23 billion in outflows last week, Bitcoin ETFs have accumulated $4.21 billion in net inflows in October, already surpassing September’s total of $3.53 billion. Historically, the fourth quarter has been strong for Bitcoin ETFs, with over $16 billion flowing into the 12 offerings following their 2024 debut. If seasonal trends hold, demand could continue in Q4 2025, especially if geopolitical tensions like the U.S.–China tariff dispute ease.
The inflows coincided with a sharp Bitcoin rally on Tuesday, with BTC reaching a daily high of $113,996.35, its highest since Oct. 15 and nearly 9% above Friday’s recent low of $104,778.
The rally followed a major sell-off in precious metals: gold dropped over 5%, marking its worst single-day decline in five years, and silver fell nearly 8%, prompting some capital to flow into alternative “safe-haven” assets like Bitcoin.
Investor confidence was further boosted as U.S. officials signaled that the prolonged government shutdown may be nearing resolution, improving market sentiment, particularly in crypto, which has been sensitive to macro uncertainty.
Looking ahead, attention shifts to the U.S. Consumer Price Index (CPI) report on Friday, Oct. 24, with forecasts suggesting a 3.1% year-over-year rise for September. Markets are anticipating a 25 basis point rate cut from the Federal Reserve at next week’s policy meeting—a move generally favorable for risk assets like Bitcoin.
As of press time, Bitcoin has retraced some of its gains from Tuesday, trading at $108,124, down nearly 14% from its recent high.
