U.S. spot Bitcoin exchange-traded funds recorded their strongest daily inflow in nearly a month on October 19, as BlackRock’s fund attracted more money than the sector received overall while competing products posted withdrawals. The buying marked a sharp reversal after two weeks of sustained selling, although broader crypto ETF flows remained mixed.
According to Decrypt, the Bitcoin funds brought in a net $526.7 million on Monday. That was their best one-day result since September 22, when inflows reached $714.7 million. The latest gain followed approximately $910 million in outflows over the preceding two weeks, including $484.9 million withdrawn on October 7—the funds’ weakest session since June. Investors also pulled a net $82.4 million on the Friday before Monday’s rebound.
BlackRock accounts for more than the net inflow
The day’s buying was concentrated almost entirely in BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT. The fund received $665.2 million, a figure larger than the overall industry total because other major products experienced outflows.
Fidelity’s FBTC lost $83.6 million, while Grayscale’s GBTC recorded $54.9 million in withdrawals. The remaining spot Bitcoin ETFs reported no flows on the day, according to the figures cited in the report.
The uneven distribution has reduced the scale of October’s losses. U.S. spot Bitcoin ETFs are now down roughly $88 million for the month, compared with about $615 million in net outflows before Monday’s inflow. Nine trading sessions remained in October at the time of the report.
An ETF is a market-traded investment vehicle that generally tracks the value of an underlying asset. Spot Bitcoin ETFs hold Bitcoin directly, allowing investors to gain exposure through a traditional securities account rather than buying and storing the cryptocurrency themselves. The funds’ daily creations and redemptions can therefore provide a visible indicator of institutional and investor demand, although a single day does not establish a lasting trend.
Ethereum and Solana funds move in the opposite direction
The improvement was limited to Bitcoin products. Spot Ethereum ETFs suffered $103 million in net outflows on Monday, their fourth consecutive day of withdrawals. Solana ETFs lost a further $6.7 million, according to SoSoValue and Decrypt’s Solana ETF tracker.
BlackRock was also central to the Ethereum movement, but in the opposite direction: its ETHA fund accounted for $95.4 million of the Ethereum outflow on the same day that IBIT attracted $665.2 million.
Combining the Bitcoin, Ethereum and Solana products, crypto ETFs still recorded a net inflow of approximately $417 million. The contrast suggests that the renewed demand was concentrated in Bitcoin rather than spread evenly across digital-asset investment products.
Bitcoin traded near $82,000 on Monday, close to the estimated $82,300 average cost basis for ETF holders cited by Nexo analyst Iliya Kalchev the previous week. Cost basis refers to the average price paid for an investment. When an asset trades near that level, the typical holder is broadly around breakeven before fees and other considerations.
Higher yields remain a competing force
The ETF flows unfolded against a difficult macroeconomic backdrop for assets that do not generate interest. Brent crude, the global oil benchmark, traded between $108 and $110 a barrel on Monday after weekend attacks on Persian Gulf tankers. Higher oil prices can raise fuel and transport costs, which can then feed into prices across the economy.
The consumer price index rose 3.7% in the 12 months through September, while the energy index increased 20.4%. Persistent inflation has kept the Federal Reserve inclined toward another rate increase after it raised its target range by a quarter percentage point in September.
Expectations for higher interest rates can push Treasury yields upward. The 10-year Treasury yield remained above 5% on Monday, according to Treasury data, while the 30-year yield reached about 5.7% on October 7—the same day Bitcoin ETFs suffered their $484.9 million withdrawal.
Treasury securities offering yields above 5% can compete with Bitcoin for investor capital because Bitcoin does not pay interest and can experience substantial price swings. The funds also lost $261.4 million on October 14, the day the September inflation report was released.
The Federal Reserve’s next meeting is scheduled for October 27-28. Until then, Bitcoin ETF flows will be watched against the competing pull of elevated bond yields, inflation concerns and movements in the cryptocurrency’s price.
Current market picture
Moneyiar market data recorded at 11:09 a.m. on October 21, 2026, showed Bitcoin at $83,379.31, up 2.33% over 24 hours and 0.08% over seven days. NEAR Protocol traded at $5.1849, gaining 10.72% over 24 hours and 2.89% over seven days.
Lighter stood at $3.3769, up 6.40% in 24 hours and 1.39% over seven days. Monad was priced at $0.02241, up 8.00% over 24 hours but down 8.58% over the seven-day period. These figures are Moneyiar data at the stated time and represent market prices and percentage changes, not ETF flows.
