Bitcoin ETFs Draw Up to $189.8M on October 2 as Ether Funds…
By Karthik Subramanian
AI summary of the source article
U.S. crypto ETF flows diverged on October 2 as Bitcoin funds accelerated inflows, Ether products suffered ongoing redemptions, and Solana funds posted slight gains. BlackRock's IBIT added $158.2 million according to TFTC data, raising total Bitcoin ETF inflows to approximately $189.8 million alongside Fidelity's FBTC ($29.3 million) and Morgan Stanley's MSBT ($2.4 million). Ether ETFs recorded a fourth consecutive negative session with at least $17.3 million in net outflows, led by Fidelity's FETH, though figures remain provisional pending BlackRock's ETHA and ETHB reporting. Solana ETFs returned to positive territory with $1.3 million in net inflows, driven solely by Bitwise's BSOL.
Why it matters
The flows highlight an increasingly differentiated institutional market across digital assets, with strong demand returning to Bitcoin while Ether continues to see redemptions.
Key facts
- Bitcoin ETFs drew up to $189.8 million on October 2, led by a $158.2 million inflow into BlackRock's IBIT.
- Ether ETFs saw provisional net outflows of at least $17.3 million, marking four consecutive sessions of net withdrawals.
- Solana ETFs returned to positive flows with $1.3 million in net inflows, entirely driven by Bitwise's BSOL.