Bitcoin ETF inflows reach $176M as two-day total tops $286M

What happened

US-listed spot bitcoin exchange-traded funds attracted about $176 million in net inflows on Tuesday, their second consecutive positive session, according to SoSoValue data reported by Cointelegraph and Bitcoin.com News. The figure rose from $110 million on Monday, putting the two-day total at roughly $286 million.

BlackRock's IBIT remained the largest destination with $151.46 million, while Fidelity's FBTC added $24.54 million. No bitcoin fund posted a net outflow, trading value across the category reached $1.58 billion, and net assets closed at $103.94 billion. Monday's entire inflow had come through IBIT alone, so Tuesday's split marked a wider set of buyers.

The rebound followed a sharp pullback late last week, when the funds shed nearly $774 million across Thursday and Friday. Through Tuesday, October's net outflows had narrowed to about $26 million, and year-to-date net inflows stood at approximately $850 million.

Sentiment measures moved only slightly. Alternative.me's Crypto Fear & Greed Index rose to 51 from 48 the previous day, staying in "Neutral" territory and still below the reading of 63, or "Greed," recorded a week earlier. Bitcoin traded near $80,818 at the time of the Cointelegraph report, up 1.6% over 24 hours.

Why it matters

Solana funds fared worse in relative terms. They recorded a $19.16 million outflow, all of it from Grayscale's GSOL, after an $8.23 million withdrawal on Monday, taking two-day losses above $27 million. Trading value fell to $38.71 million and net assets ended at $1.54 billion.

What the data shows

Research circulated by DWF Labs offered context on how to read the bitcoin figures. Its analysis found that daily ETF flows tracked bitcoin's performance over the preceding five days far more closely than returns in the days that followed, with a correlation of just 0.03 between flows and the next five days of bitcoin returns. On that reading, large inflow days tend to arrive after prices have already moved, making flows a gauge of institutional participation rather than a forecasting tool.

Background

The two-day bounce follows a volatile stretch for crypto funds. Ether ETFs had already logged four straight weeks of net outflows before this week, and their October withdrawals of $1.32 billion through Tuesday put the month on course for the largest since November 2025. Bitcoin funds, by contrast, entered the week after a positive but uneven finish, with last week's heavy Thursday and Friday redemptions reversing earlier gains.

What to watch

The next test is whether the bitcoin buying persists. A third strong session would support the view that institutional allocations are being rebuilt, while another reversal would reinforce the tactical, short-lived flow pattern that has shaped October. Also worth tracking is whether redemptions from BlackRock's ETHA keep swamping inflows into other ether products, and whether solana funds steady after two days of outflows concentrated in a single fund.

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