BlackRock's IBIT Leads Bitcoin (BTC) ETFs to $17.2 Million Net Inflow

Fourth Straight Session of Net Creations

The United States spot Bitcoin (BTC) ETF complex took in a net $17.2 million on Thursday, October 29, extending its run of net creations to a fourth consecutive session. Issuer creation and redemption disclosures put the combined intake across the twelve listed products at that figure, modest in absolute terms yet the fourth straight day in positive territory. The streak began on Monday, October 26, and the four sessions since have accumulated $440.8 million. Across the wider five-day window from October 23 to October 29, net inflows reached $302.9 million. The day's net total rested on several mid-sized creations rather than a single large block, with the four largest funds adding a combined $36.3 million before redemptions. The Bitcoin price trades near $77,900, about 2.3% lower over the past 24 hours, so the renewed fund demand has arrived into a soft tape rather than a rally. A net inflow means creations, the issuance of new fund shares against Bitcoin (BTC) deposited with the issuer, outweighed redemptions across the group as a whole. BlackRock's IBIT led the day at $12.8 million, followed by Fidelity's FBTC at $10.5 million, Bitwise's BITB at $8.8 million and Morgan Stanley's MSBT at $4.2 million. Two products lost ground: WisdomTree's BTCW shed $3.8 million and Grayscale's smaller BTC trust bled $15.3 million, the session's only redemptions. The remaining funds, among them ARKB from Ark Invest and 21Shares, VanEck's HODL, Franklin Templeton's EZBC, CoinShares' BRRR, Invesco Galaxy's BTCO and Grayscale's flagship GBTC, showed no activity for the day. By issuer, the session set the two largest franchises against each other, $12.8 million of creations at BlackRock's fund against $15.3 million of redemptions at Grayscale's. GBTC's flat print matters for the arithmetic, since the converted trust has historically supplied the group's largest redemption balance.

IBIT Carries the Five-Day Total

The concentration behind the streak in Bitcoin ETF flows is nearly total. Across the five trading days from October 23 through October 29, IBIT absorbed $300.3 million of the $302.9 million group total, more than every other product combined. BITB added $10.1 million and MSBT $8.4 million over the stretch, while FBTC, despite its $10.5 million intake on Thursday, netted just $3.2 million across the window. The only outflows of the five days came from BTCW and Grayscale's Bitcoin (BTC) trust, at $3.8 million and $15.3 million, and both prints landed entirely on Thursday. The monthly ledger is thinner, and the tape agrees: October is tracking toward its first bearish monthly close in four months. Month to date through October 29, the products have drawn $127.3 million in net inflows, against $2.6477 billion for the whole of September. Because the five-session total of $302.9 million exceeds that month-to-date figure, the first three weeks of October arithmetically ran at a net outflow, and the current streak has supplied the entire month's balance and more. Since the products listed in January 2024, cumulative net inflows stand at $57.69 billion, a sum shaped by two opposing balances. IBIT has taken in $66.54 billion since launch, while GBTC, the converted Grayscale trust, has shed $27.95 billion, the largest redemption balance in the group. The other funds hold mid-range lifetime totals: FBTC at $10.38 billion, BITB at $2.04 billion, ARKB at $1.10 billion, HODL at $1.01 billion, MSBT at $810.4 million, EZBC at $335.4 million, BRRR at $329.2 million, the Grayscale BTC trust at $288.9 million, BTCO at $135.5 million and BTCW at $74.1 million. Thursday's quiet print from GBTC, with no creations or redemptions recorded, left the newer products to carry the daily ledger.

The flow recovery has not yet reached price. Our live monitoring puts Bitcoin at $77,941, down 2.3% over 24 hours, and the composite levels in our Bitcoin technical analysis flag $77,468 as the strongest support below the market at 100 out of 100, with resistance at $81,306 scored 76. Derivatives positioning is orderly: perpetual funding sits at 0.0056% and open interest near $16.16 billion, unlike the recent $1.48B liquidation wave in which longs absorbed 86.7% of the losses. Sentiment on the Fear & Greed Index reads 30 out of 100. A $90,000 year-end target from 10x Research's Thielen still sits roughly 15% above spot, so whether a fifth session of creations defends $77,468, or pushes through $81,306, decides if the four-day streak builds into a larger recovery.