Spot Bitcoin (BTC) ETFs Draw $304.77 Million in Weekly Net Inflows

A Green Week Despite a $635 Million Thursday

Spot Bitcoin (BTC) ETFs absorbed $304.77 million in net inflows over the week ended Friday, October 23, closing in the green after two straight weeks of redemptions and lifting the cumulative net total from under $56.9 billion to almost $57.2 billion. The funds had entered the period on the back foot, and Monday's print was the session that broke the negative streak. SoSoValue's flow data shows the build arrived in three bursts. Monday carried $526.60 million into the funds, the largest single-day intake of the week, and Tuesday added another $23.16 million, a session that coincided with the first uptick in the Bitcoin price in several days. The heaviest allocation landed Wednesday, when BTC jumped to $85,000 for the first time in two weeks and the products drew $528.50 million in net creations. The mechanics of the vehicle explain why these daily prints carry weight. A spot ETF holds the asset directly: a creation mints new fund shares against deposited coins, while a redemption burns shares and hands the coins back, so the net figure tracks how much Bitcoin (BTC) institutional allocators moved into or out of the wrapper, independent of exchange order books. Weekly aggregates smooth out that day-to-day noise, which is why a five-session net total is the cleaner read on allocator appetite. The reversal proved just as sharp as the build. Thursday's redemptions reached $635.49 million, the highest daily net outflow since late June and the heaviest in four months, and Friday shed a further $137.9 million by Farside's count. The Wednesday push to $85,000 failed the same day, and the pullback that ran into Thursday and Friday tracked the two largest redemption sessions on the ledger. Even so, two heavy outflow days could not erase the early-week intake, and the weekly balance settled at $304.77 million.

Ethereum Funds Extend a Four-Week Bleed

The same seven days treated Ethereum funds very differently. Their spot products shed roughly $220 million, a fourth consecutive week of net outflows in a negative run that began at the end of September and has produced only three green days since. Monday opened the ledger with $103.28 million in withdrawals, and Tuesday removed another $26.13 million. Wednesday brought brief relief as almost $15 million flowed back in, before Thursday's $110.50 million exodus, the week's heaviest on that side, wiped out the gain. Farside's tally logged a minor inflow of $4.4 million on Friday, the week's second and final green day. Set against the Bitcoin (BTC) complex, the divergence is wide. Bitcoin's products finished the week $304.77 million to the good while Ethereum's lost about $220 million, a spread of roughly $525 million across five sessions. A single Wednesday session on the Bitcoin side, worth $528.50 million, moved more money than the entire Ethereum week. The Thursday prints ran in the same direction: $635.49 million left Bitcoin's funds and $110.50 million left Ethereum's, each the heaviest day of its own complex's week. The timing of the Ethereum streak matters as context. It started at the end of September, has lasted about a month, and across that entire stretch the funds have managed only three positive days. For the Bitcoin complex the week marked a return to net creation after two red weeks; for Ethereum's it extended a bleed now in its fourth week.

Positioning Between $78,500 and $82,400

Our live monitoring places BTC at $80,685, up 0.2% over the past 24 hours, between two heavily scored levels: support at $78,537.58, scored 98 out of 100, and resistance at $82,401.30, at 96/100. Momentum indicators lean soft, with the RSI at 43.53, a bearish MACD signal and a sideways trend label, so the week's net creation total has not yet turned into directional follow-through. Derivatives are calmer: open interest stands at $15.98 billion and the perp funding rate sits at 0.0057%, close to neutral. Whether the accumulation streak survives the coming sessions likely turns on that $78,537.58 floor; a break would harden the bearish read in our Bitcoin technical analysis and give weight to the cautions around a second weekly close below $83,000 and a slide toward $75,000. New supply is fixed under the Bitcoin halving schedule, so weekly demand shifts of this size feed straight into price, and regulated fund wrappers, unlike tokenized wrapped Bitcoin on DeFi platforms, are where these daily creations show up. Flow watchers note the same weekly pattern echoes past bull cycles. COINOTAG's aggregate sentiment index reads 54 out of 100, neutral.