U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a significant downturn, recording their largest combined daily outflow since September 26, totaling $326.4 million, according to Farside data.
BlackRock’s IBIT Maintains Inflows
Despite the broad market exit, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF by assets, continued its streak of inflows.
- Consecutive Streak: IBIT has now logged 10 consecutive trading days of inflows, demonstrating resilience even as Bitcoin’s price dropped from $122,000 to $107,000.
- Decelerating Flow: While the streak continues, net inflows over the past two sessions were significantly smaller, dropping sharply to $74.2 million and $60.4 million, respectively, compared to the minimum of $200 million seen in the preceding eight sessions.
- Contrarian Flow: According to Glassnode data, IBIT’s consistent inflows post-correction (after Bitcoin hit its $126,000 all-time high on Oct. 6) stand in contrast to many other ETF issuers who have faced redemptions or stagnant flows. Historically, IBIT’s flows typically mirrored Bitcoin’s price action.
Bitcoin’s Weaker US Trading Performance
Data from Velo indicates that Bitcoin’s performance during U.S. trading hours has weakened considerably since the all-time high.
- The asset’s returns during U.S. hours, which were over 10% in the first few days of October, have since dropped to 1.7% over the past month.
- Despite this decline, Bitcoin still outperforms during U.S. trading hours compared to sessions in Europe and Asia, both of which currently show negative returns over the same period.
October 2025, Cryptoniteuae
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