Bitcoin ETF Inflows Rebound as Ether ETFs See Outflows
US spot Bitcoin ETFs drew $176 million on Tuesday and $137 million on Wednesday, extending their inflow streak to three days. The funds attracted about $424 million over the period, recovering from nearly $774 million in outflows late last week and bringing October net inflows to $111 million. The renewed Bitcoin ETF demand suggests institutional buying has returned, although Bitcoin fell about 1% in 24 hours to $79,848. The Federal Reserve held rates at 3.75% to 4%, while Chair Kevin Warsh said inflation remained above the 2% target. The Crypto Fear & Greed Index stayed neutral at 51. Ether ETFs diverged, recording about $149 million in outflows on Monday and Tuesday and a further $21 million on Wednesday, taking October net outflows to $1.35 billion. Ether slipped 1.7% to $2,310, leaving crypto market sentiment mixed despite the Bitcoin ETF inflows.
Neutral
The signal for Bitcoin is mixed. Three consecutive days of Bitcoin ETF inflows, totaling about $424 million, and October flows returning to positive territory may support demand and market confidence in the short term. However, Bitcoin fell despite the inflows, suggesting the buying has not yet translated into clear upward price momentum. The Fed’s decision to hold rates, alongside inflation remaining above target, also leaves macroeconomic uncertainty in place. Over the longer term, sustained ETF inflows could provide a source of support, but traders will likely look for continued flows and price strength before treating the rebound as a durable trend. Ether faces a weaker near-term backdrop: ongoing ETF withdrawals and a price decline point to subdued demand. Taken together, the contrasting asset-specific signals support a neutral overall view rather than a clear directional call.