After two consecutive days of outflows, spot Bitcoin ETFs made a strong comeback on October 14, recording total net inflows of $103 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge with a single-day net inflow of $133 million, signaling renewed investor confidence after days of slowed down trajectory.
Bitcoin ETFs Rebound With $103 Million Inflows
While Fidelity’s numbers dominated, not all players shared the same success. BlackRock’s iShares Bitcoin Trust (IBIT) saw a net outflow of $30.79 million. On the other hand, Valkyrie’s Bitcoin Fund (BRRR) also reported an outflow of $14.05 million. In contrast, ARK Invest and 21Shares’ ARKB recorded inflows worth $6.76 million, and Bitwise’s BITB followed closely with $47.99 million.
The positive momentum broke a two-day losing streak for US spot Bitcoin ETFs. On October 13, the segment had seen a combined outflow of $326.52 million, following a smaller $4.50 million withdrawal on October 10. The reversal indicates that institutional investors may see a potential price rebound after a volatile week.
Ethereum ETFs, meanwhile, outshined Bitcoin funds in terms of capital inflows. Spot Ethereum ETFs recorded a total of $236 million in net inflows on October 14, with none of the nine listed products posting an outflow. Fidelity’s CBOE-listed Ethereum fund attracted $154.62 million in new investments. Other asset managers, including Grayscale, Bitwise, Franklin Templeton, and VanEck, also saw meaningful inflows. The cumulative inflow into US spot Ethereum ETFs has now reached $14.72 billion.
Across the market, the total cryptocurrency market capitalization rose by 1.4% in the past 24 hours, reaching $3.93 trillion.
Bitcoin Holds Firm Amid Volatility
Bitcoin’s price remains steady around $112,345, just below the key $112,500 support zone. Analysts say short-term holders have been taking profits. This has led to increased selling pressure and short-term volatility. But still, the crypto has managed to stay above the critical $110,000 mark.
Ethereum is trading at $4,117.38, with a 0.1% gain over the last 24 hours. The total crypto trading volume reached $248 billion, and Bitcoin has 57% dominance and Ethereum has 12.6% dominance. According to CoinGecko data, 19,223 cryptocurrencies are currently being tracked, with the top-performing categories being XRP Ledger-based tokens and AI-focused crypto.
Altcoins, however, remain under pressure. Many non-Bitcoin assets have fallen sharply. Some cryptos have slashed as much as 80% on certain exchanges. Analysts say a part of this volatility is due to forced liquidations, as leveraged traders were compelled to close positions when collateral values fell below margin thresholds.
Juan Perez, Director of Trading at Monex USA, noted that macroeconomic uncertainty continues to weigh on crypto sentiment. “As long as the U.S.-China relationship remains tense and tech stocks stay overexposed, crypto will find it difficult to sustain long-term gains,” he said. “When fundamentals are weak, both Bitcoin and Ether struggle to find a strong value base.”
The latest market movements came shortly after one of the largest liquidation events in crypto history. In fact, more than $19 billion in leveraged positions were wiped out last Friday. The selloff was triggered by escalating US-China trade tensions, following former President Donald Trump’s announcement of a proposed 100 percent tariff on Chinese imports in response to China’s expansion of rare earth export controls.
Adding an interesting twist, media reports suggest that Trump’s company, Trump Media & Technology Group, has made substantial cryptocurrency investments, significantly increasing his indirect exposure to Bitcoin. Regulatory filings hint that these holdings could soon become a notable part of the former President’s financial portfolio and perhaps an unexpected vote of confidence in the future of crypto.
Also Read: Bitcoin ETFs Extend Nine-Day Inflow Streak with $198 million Recorded in Net Inflows
