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UNIBitcoin ETFs draw $176m as BlackRock and Fidelity lead buying
US spot Bitcoin ETFs took in $176m on 27 October, a second straight positive session that lifted week-to-date inflows above $286m, while ether and solana funds lost money.
Why it matters: The figures show institutional money returning to Bitcoin funds while ether and solana products keep losing assets, a split the outlet calls one of the clearest signals in the crypto ETF market.
Key points
- BlackRock's IBIT drew $151m and Fidelity's FBTC added $24.5m, with no Bitcoin fund recording an outflow.
- BlackRock's ETHA shed $93.3m as ether ETFs lost roughly $149m over Monday and Tuesday combined.
- Solana ETFs lost $19.2m, all from Grayscale's GSOL, while Grayscale's ZCSH took in $3.45m for a sixth straight inflow.
US spot Bitcoin ETFs drew $176m on 27 October, according to Bitcoin.com News, a second consecutive positive session that pushed week-to-date inflows past $286m. BlackRock's IBIT remained the main destination with $151m, and Fidelity's FBTC added $24.5m. No Bitcoin fund recorded an outflow, trading value reached $1.58bn and net assets rose to $104bn.
The buying was broader than on 26 October, when the entire $110m inflow came through IBIT. Tuesday brought a second major buyer in Fidelity, which the outlet says suggests demand is leaning less on a single product. That gives Bitcoin a firmer start to the week after a volatile but positive finish in the week of 19 October.
Ether funds moved the other way. BlackRock's ETHA shed $93.3m, while Fidelity's FETH attracted $28.6m and Grayscale's Ether Mini Trust added $4.48m. Ether ETFs have lost roughly $149m across Monday and Tuesday, against more than $286m gained by Bitcoin funds. Solana ETFs lost $19.2m, all from Grayscale's GSOL, taking two-day losses above $27m.
Research shared by DWF Labs found ETF flows tracked Bitcoin's preceding five days far more closely than the days that followed, with a correlation of just 0.03 with the next five days of returns.
What to watch: A third consecutive positive Bitcoin ETF session would show whether institutional demand is rebuilding, the outlet says.
Live updates on NewsFeeds:ETFsBitcoinDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)
How this was produced: an AI model wrote this summary of Bitcoin.com News’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.
Not investment advice. Read the risk disclaimer.