Bitcoin ETF inflows reached $137 million on Wednesday, October 28, 2026. It was the third straight day of net buying for US spot funds and enough to pull October’s monthly tally back above zero. Over those three sessions the products took in about $424 million, lifting October’s net inflows to $111 million with two trading days left, according to SoSoValue data reported by Cointelegraph.
The buying came on the same day the Federal Reserve kept rates on hold and its chair warned that inflation remained above the 2% target. Cointelegraph noted the inflows arrived despite that hawkish decision and weaker crypto sentiment.
- Spot Bitcoin ETFs logged $137 million in net inflows on October 28, per SoSoValue. Farside put the figure at $137.3 million.
- Only two of the 12 funds saw money come in: BlackRock’s IBIT ($136.01 million) and Bitwise’s BITB ($1.32 million).
- October’s net flows turned positive at $111 million after being negative through October 27.
- Total net assets of spot Bitcoin ETFs stood at $104.877 billion as of October 29, about 6.41% of Bitcoin’s market cap.
- US spot Ether ETFs went the other way, losing $21.4 million net, their third straight day of outflows.
Timeline of the Bitcoin ETF inflows streak
- Mid-October 2026: Bitcoin ETF products record a single-day outflow of $635 million, according to Crypto Briefing.
- Last two trading days of the prior week: Nearly $774 million leaves the funds.
- October 26: The current inflow streak begins.
- October 27: Cumulative October flows are still negative despite a second day of buying.
- October 28: The Fed holds its target range at 3.75% to 4%. Spot Bitcoin funds add $137 million, about 22% less than the prior session, and the month flips positive.
- October 29: SoSoValue data shows cumulative net inflows of $57.607 billion since launch.
Why October’s flows swung so hard
October has been a rough month for these products. The $635 million mid-month outflow that Crypto Briefing highlighted was more than four times the size of Wednesday’s inflow. Add the nearly $774 million drained over two days the previous week, and it becomes clear why three days of inflows only got the month to $111 million in the black.
The concentration is the other story. Figures reported by TokenPost show IBIT accounted for almost the entire day’s total. Farside’s breakdown, published via KuCoin, showed zero net flows for FBTC, ARKB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC and BTC. So Wednesday’s demand wasn’t broad-based. The money went almost entirely into a single fund.
That fits the wider picture of how ETF assets are distributed. By net assets, IBIT leads at $66.13 billion, followed by Fidelity’s FBTC at $14.31 billion and Grayscale’s GBTC at $10.21 billion. Readers curious about how these funds compare with other large holders can see our breakdown of who owns the most Bitcoin. US spot Bitcoin ETFs have only existed since January 2024, yet IBIT’s all-time net inflow alone has reached $66.531 billion, per PANews, citing SoSoValue.
How analysts and the market reacted
Prices moved the other way. Bitcoin traded at $80,204 at 09:13 UTC on October 29, down 1.51% over 24 hours, according to CoinGecko. That’s well below the $126,080 all-time high from October 6, 2025.
| Asset (Oct 29, 09:13 UTC) | Price | 24h | 30d | 1y |
|---|---|---|---|---|
| Bitcoin (BTC) | $80,204 | -1.51% | -4.79% | -29.59% |
| Ethereum (ETH) | $2,322.49 | -1.92% | -14.59% | -42.46% |
Macro conditions are part of the backdrop. Fed Chair Kevin Warsh said inflation remained above the 2% target, a message we covered in our piece on the hawkish Fed hold and Bitcoin. Bitget analyst Lewis Huang said, according to Cointelegraph, that Bitcoin’s near-term performance “may depend more heavily on Treasury yields, dollar movements and broader risk sentiment.”
Ether funds told a different story. BlackRock’s ETHA lost $44.8 million on October 28, only partly offset by $18.8 million into Fidelity’s FETH, $3.6 million into ETH and $1 million into MSSE. Bloomingbit, citing Farside, framed it as a split: three straight days of buying for Bitcoin products, three straight days of selling for Ether ones. Sentiment overall sits in the middle, with the Crypto Fear & Greed Index at 51 (Neutral) on October 29.
What to watch next for Bitcoin ETF inflows
Two sessions remain in October. A single large outflow day, like the $635 million one seen earlier in the month, could easily erase the $111 million cushion, so the monthly sign is far from settled. Watch whether daily totals keep declining after Wednesday’s figure came in about 22% below Tuesday’s.
Breadth matters too. If spot Bitcoin ETF flows keep concentrating in IBIT while other funds sit at zero, the streak would look more like narrow buying in one product than a broad return of demand. Our earlier coverage of Bitcoin ETF outflows is a reminder of how quickly direction can flip.
Then there’s the macro calendar. Huang’s comment suggests Treasury yields, the dollar and broader risk sentiment could matter more for Bitcoin’s near-term performance. That’s one analyst’s view, not a forecast. Bitcoin remains highly volatile, ETF shares track that volatility, and investors can lose a large part of their capital.
FAQ
Why did Bitcoin ETF inflows return in late October?
The streak started October 26, and on October 28 the buying came almost entirely through BlackRock’s IBIT. Sources didn’t identify specific buyers or reasons, and the inflows arrived despite a hawkish Fed hold.
How big are US spot Bitcoin ETFs now?
Per SoSoValue, total net assets were $104.877 billion as of October 29, 2026, roughly 6.41% of Bitcoin’s market cap, with $57.607 billion in cumulative net inflows.
Are Ether ETFs seeing the same trend?
No. US spot Ether ETFs lost $21.4 million on October 28, their third consecutive day of net outflows, led by $44.8 million leaving BlackRock’s ETHA.
Sources
- Bitcoin ETFs add $137M, pushing October back into the green (Cointelegraph)
- Bitcoin ETFs add $137M, pushing October back into the green (cointelegraph.com)
- Bitcoin spot ETFs draw $137.33 million in third straight session of inflows (www.tokenpost.com)
- U.S. Bitcoin Spot ETFs Recorded $137.3M in Net Inflows, While Ethereum ETFs Experienced $21.4M in Net Outflows on October 28 (www.kucoin.com)
- Spot Bitcoin ETFs Log $137M Total Net Inflow Yesterday, Third Straight Day of Inflows (panews.io)
- US Bitcoin ETFs Draw $137 Million, Extend Inflow Streak to Three Sessions (en.bloomingbit.io)
- US Bitcoin ETFs attract $137M, Ether funds see $21M outflows (cryptobriefing.com)
This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrencies are highly volatile; always do your own research before investing.
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