- Bitcoin ETFs drew $446 million in inflows as institutions returned to digital assets.
- Ethereum funds experienced $244 million in outflows despite steady retail support.
- BTC held above $114K while ETH tested $4,200 amid mixed investor sentiment.
According to data from SoSoValue, institutional investors have maintained their focus on Bitcoin, allocating approximately $446 million to spot ETFs between October 20 and October 27 (ET). The steady inflow indicates that BTC is once again shifting into a dependable asset for money managers seeking protection from broader market fluctuations.
Ethereum ETF funds, however, did not share the same fortune. Based on reports, they saw a roughly $244 million outflow during the week, marking one of their weakest performances since the products debuted. These sentiments emerge as traders adjust their positions, awaiting possible U.S. interest-rate cuts and signs of easier global liquidity.
Fed Rate Cuts Forecast (Source: ForexFactory)
Many have begun rebalancing their portfolios early, anticipating that a softer monetary stance could boost demand for risk assets heading into year-end. Meanwhile, investor sentiment is showing early signs of recovery.
The Bitcoin Fear & Greed Index, which tracks market emotion, moved out of the “fear” zone for the first time since the last major downturn. At a neutral reading of 51, it suggests that caution is giving way to a more balanced mood as volatility eases.
BlackRock’s IBIT Leads the Bitcoin Charge
BlackRock’s iShares Bitcoin Trust (IBIT) drew the largest inflow last week, adding $324 million. Fidelity’s FBTC followed with $57.9 million, while Bitwise, VanEck, and Valkyrie reported steady participation and little change in daily volumes.
Across all spot Bitcoin ETFs, cumulative inflows have reached $61.98 billion, with approximately $3.34 billion traded daily. The consistent activity comes as Bitcoin holds above $114k, reinforcing its appeal to investors seeking stability during shifting economic conditions.
Bitcoin ETFs Weekly Netflow (Source: SoSoValue)
Still, price action faces a familiar obstacle. The zone between $115k and $116k has repeatedly capped rallies, and earlier this month, a rejection in that range triggered a 10 percent drop to $103k. Each approach to that band has drawn sellers eager to lock in gains.
If they manage to hold the line again, support sits near $111k, an area where demand has previously rebuilt. A clear break above $116k, however, could reopen the path to $120k, a level last seen on October 10. That move would likely draw short-covering and fresh momentum from derivatives traders.
BTC Price Action: (Source: TradingView)
Notably, the Relative Strength Index stands near 53, comfortably away from oversold territory. Although still moderate, it suggests that buyers are slowly regaining control across major exchanges and indicates that accumulation is underway beneath recent consolidation.
Ethereum Funds Face Broad Withdrawals
While Bitcoin ETFs drew steady investor demand, Ethereum funds showed a very different picture last week. Altogether, Ethereum exchange-traded products recorded $243.9 million in withdrawals. Fidelity’s FETH saw a significant redemption, losing $95.25 million, while BlackRock’s ETHA reported the largest single-day outflow of $100.99 million.
Even so, there were minor signs of confidence. Grayscale’s ETHE logged a $7.4 million inflow, one of the few positive moves in the sector. The addition helped offset part of the broader decline, suggesting that a few investors are still building long-term exposure to Ethereum. Bitwise’s ETHW, 21Shares’ TETH, and VanEck’s EZET traded quietly, showing little change across the week.
ETH ETFs Weekly Netflow (Source: SoSoValue)
In total, Ethereum ETFs still hold approximately $14.35 billion in cumulative inflows, supported by a daily trading volume of roughly $1.41 billion. That base highlights their ongoing role in institutional portfolios even as liquidity across the market remains tight.
The spot price of Ethereum, meanwhile, climbed above $4,100 despite the fund outflows. Analysts say retail traders and the derivatives market likely helped absorb the sell-side pressure from institutions. Still, ETH now sits just below a heavy resistance band between $4,100 and $4,200, a supply zone that has repeatedly capped rallies in recent weeks.
ETH Price Action (Source: TradingView)
By press time, the token had backed off from that level, showing early signs of fading momentum. If the mood weakens further, a drop toward $3,900 could serve as the next test of support. On the other hand, a clean move above $4,200 might shift attention to $4,500 as the next upside target.
Notably, the Relative Strength Index currently reads 51, which is slightly above neutral, hinting at fresh buying pressure emerging from earlier oversold zones. A push beyond 60 would likely confirm renewed strength, leaving space for another leg higher before the market reaches overheated territory.
