Bitcoin ETFs Rebound with $189.8 Million Inflows as Ether Outflows Continue

U.S. crypto exchange-traded funds (ETFs) showed a mixed performance on Friday, October 2, with Bitcoin funds experiencing a significant rebound, while Ether products continued to see outflows. Bitcoin ETFs attracted approximately $189.8 million in inflows, a sharp increase from the previous day's $102.7 million. This recovery followed a $148.7 million withdrawal on September 30, bringing the two-day total to around $292.5 million. The inflows were led by BlackRock's IBIT with $158.2 million, Fidelity's FBTC with $29.3 million, and Morgan Stanley's MSBT with $2.4 million.

In contrast, Ether ETFs recorded at least $17.3 million in net outflows, extending a streak of negative sessions. This follows outflows of $55.4 million on October 1, $59.6 million on September 30, and $2.8 million on September 29. The outflows were primarily driven by Fidelity’s FETH, while other Ether ETFs reported zero flows. The data for BlackRock’s ETHA and ETHB remained unreported, leaving the Ether outflow figure provisional.

Solana ETFs saw a modest recovery with $1.3 million in net inflows, entirely attributable to Bitwise’s BSOL. This marked a return to positive territory after losses of $1.1 million on October 1 and $12.5 million on September 30. Other Solana ETFs, including VanEck’s VSOL, FSOL, and TSOL, Franklin’s SOEZ, Morgan Stanley’s MSOL, and Grayscale’s GSOL, reported no flows.

The data highlights a diverging institutional market, with Bitcoin demand recovering strongly, Ether continuing to experience redemptions, and Solana stabilizing near neutral. The principal caveat remains the incomplete reporting of BlackRock’s ETF data, particularly for IBIT, ETHA, and ETHB.