On October 3rd, the U.S. spot Bitcoin 
$76,395 ETFs experienced substantial inflows totaling $985.08 million. The largest share was claimed by BlackRock’s IBIT ETF, recording an impressive $791.55 million. Ethereum 
$2,328 ETFs, on the same day, attracted $233.55 million, despite a visibly weaker short-term appetite for the cryptocurrency. Bitcoin ETFs surpassed a daily trading volume threshold of $7.5 billion, and the total net asset size of the Bitcoin ETF market rose to $164.5 billion. Meanwhile, Bitcoin traded around $122,500, edging closer to its historical peak, with just about a 1.1% gap remaining.
Bitcoin ETF Inflows and Their Impact on Prices
According to SoSoValue data, Bitcoin ETFs received a net inflow of $985.08 million on October 3rd. The IBIT received $791.55 million, FBTC $69.58 million, ARKB $35.48 million, HODL $26.04 million, BITB $24.03 million, Grayscale BTC $20.11 million, and GBTC $18.29 million. This influx indicates that institutional demand is prominently led by IBIT. With increased trading volume boosting market share, the role of Bitcoin ETFs in enhancing liquidity has strengthened.
On the price front, Bitcoin breached the $120,000 mark as ETF inflows accelerated with the start of October, partially compensating for the weakness observed during the summer months. The momentum in the spot market pushed prices nearly to record highs, with Bitcoin reaching $123,000 on some exchanges.
Subdued Interest in Ethereum ETFs
Conversely, Ethereum ETFs saw a net inflow of $233.55 million on October 3rd, with BlackRock’s ETHA accounting for $206.71 million of the total. Grayscale’s ETH received $17.88 million, Fidelity’s FETH $5.65 million, and VanEck’s ETHV $3.31 million. Only four ETFs ended the day positively, suggesting demand was concentrated in specific products. However, the fund flow decelerated compared to the previous day.
In terms of trading volume, Ethereum ETFs surpassed $2.28 billion, with their total net asset size reaching $30.57 billion. ETH’s price rose to around $4,500, highlighting the collaborative impact of blockchain activity and fund flows through ETF channels.
