Institutional investors have once again shown interest in the crypto market. After a series of outflows, spot Bitcoin ETFs in the US saw a significant capital inflow — $477.2 million in a single day. This trend reversal became the first major signal of renewed demand amid volatility and geopolitical pressure.
Investors return to Bitcoin funds
According to Farside Investors, the leader of the day was BlackRock’s iShares Bitcoin Trust, which attracted $210.9 million. In second place was the ARK & 21Shares Bitcoin ETF with $162.8 million. The third largest inflow went to Fidelity’s Wise Origin Bitcoin Fund, where investors contributed $34.15 million.
This data stands in sharp contrast to last week, when more than $1 billion was withdrawn from spot crypto ETFs in total. At that time, the market was under pressure due to trade tensions between the US and China.
The situation has now changed. The total daily trading volume of Bitcoin ETFs reached $7.41 billion, confirming sustained institutional interest. Throughout October, daily turnovers ranged from $5 billion to $9.78 billion — noticeably higher than September’s levels of $2–4 billion.
Ethereum ETFs also strengthen their positions
Ethereum-based funds also showed confident growth. In one day, they attracted $141.6 million in net inflows. The leader was the Fidelity Ethereum Fund (FETH) with $59 million. Additional inflows were recorded for products from BlackRock, Grayscale, and VanEck.
The simultaneous recovery in demand for ETFs of the two largest cryptocurrencies indicates that institutional players still see potential in digital assets, despite price fluctuations and local corrections.
Bitcoin consolidates near $108,000
At the time of publication, Bitcoin was trading around $108,500, having stabilized after bouncing off support. The key level is $106,453, which coincides with the 61.8% Fibonacci mark (calculated from the April low of $74,508 to the record high of $126,199).
BTC gained about 4% on Monday, but then fell by 2%, failing to overcome the 50-day moving average at $113,606. If downward pressure persists, the price may retest $106,000, and a break of this zone would open the way to the $102,000 low recorded on October 10.
Ethereum mirrors Bitcoin’s dynamics
Ethereum is also showing weakness. After a 4% drop from the resistance level of $4,232, the token fell another 3% and settled near $3,847. If the trend continues, the key support zone is expected at $3,593, where the 61.8% Fibonacci level and the 200-day EMA converge.
This level will be decisive: holding it may indicate the preservation of the upward structure, while a breakdown could signal a possible deepening correction.
What’s next?
Inflows into Bitcoin and Ethereum ETFs show that institutional players continue to view digital assets as part of a long-term strategy, despite short-term risks. If volumes are maintained and prices recover, a new cycle of capital inflows into crypto funds may begin in the fall.
Read more: NHL signed agreements with Kalshi and Polymarket, combining sports and prediction markets for the first time
