US-listed spot Bitcoin exchange-traded funds (ETFs) recorded approximately $176 million in net inflows on Tuesday, marking the second consecutive day of positive momentum. This figure represents an increase from the $110 million in inflows observed on Monday, bringing the two-day total to $286 million according to SoSoValue data. The recent recovery follows a period of significant volatility, specifically nearly $774 million in withdrawals during the preceding Thursday and Friday.
Despite the short-term rebound, October’s overall performance remains mixed. Net outflows for the month narrowed to about $26 million through Tuesday, while year-to-date net inflows stood at roughly $850 million. Market sentiment indicators also showed modest improvement, with Alternative.me’s Crypto Fear & Greed Index rising to 51 from 48 the previous day. Although this places the index in “Neutral” territory, it remains below the “Greed” threshold of 63 recorded a week earlier. At the time of publication, Bitcoin traded at approximately $80,818, reflecting a 1.6% gain over the past 24 hours per CoinGecko data.
In contrast to Bitcoin ETFs, US spot Ether (ETH) ETFs continued to experience sustained capital flight. These funds recorded about $149 million in net outflows across Monday and Tuesday, extending a streak of four consecutive weeks of negative flows. Consequently, October net outflows for Ether ETFs reached $1.32 billion through Tuesday, positioning the month for its largest net withdrawals since November 2025.
The divergence between Bitcoin and Ether ETF flows highlights a bifurcated institutional appetite within the crypto asset class. While Bitcoin ETFs are demonstrating resilience by recovering from sharp weekly withdrawals, Ether ETFs remain entrenched in a prolonged downtrend. This suggests that investor confidence is currently anchored more firmly in Bitcoin’s status as a primary store-of-value proxy rather than in Ether’s utility-driven narrative, which has faced persistent headwinds.
From a market structure perspective, the narrowing of October’s net outflows for Bitcoin indicates that selling pressure may be exhausting itself, potentially setting the stage for renewed accumulation if macro conditions stabilize. However, the magnitude of Ether’s monthly losses underscores significant operational risk for products tied to that asset. Investors should monitor whether the current neutral sentiment shifts toward greed, as historical patterns suggest that sustained ETF inflows often precede or accompany broader price rallies, whereas continued outflows can exacerbate downward volatility.
