Bitcoin ETFs Pull In $118.8M as Ether Funds Lose $201.9M

2 hour ago 4 sources neutral

Key takeaways:

  • Bitcoin ETF inflows despite price dip signal institutional preference for BTC liquidity over altcoins.
  • Ether's persistent ETHA redemptions suggest weakening institutional conviction, pressuring ETH sentiment short-term.
  • Watch if ETHA outflows persist; rotation to BTC may accelerate while SOL remains pressured.

U.S. spot crypto exchange-traded funds delivered sharply divergent flows on October 6, 2026. Bitcoin products attracted $118.8 million in net inflows, while Ether ETFs suffered $201.9 million of net redemptions and Solana funds lost another $3.7 million, according to finalized Farside Investors data. Across the three categories, the combined result was an $86.8 million net outflow.

BlackRock's iShares Bitcoin Trust, IBIT, dominated Bitcoin inflows with $122.0 million. Morgan Stanley's MSBT added $7.8 million, while Grayscale's lower-fee Bitcoin Mini Trust, ticker BTC, recorded an $11.0 million outflow. Other major Bitcoin funds, including Fidelity's FBTC, Bitwise's BITB, ARK 21Shares' ARKB, Franklin's EZBC, VanEck's HODL and Grayscale's GBTC, all registered zero net flow.

The session marked a rebound for Bitcoin ETFs after October 5's $89.8 million outflows, when ARKB and FBTC redemptions outweighed IBIT's $69.9 million inflow. Bitcoin fund flows have swung sharply, with $102.7 million on October 1 and $189.9 million on October 2 before turning negative and then returning to positive territory.

For Ether, the picture was more negative. BlackRock's iShares Ethereum Trust, ETHA, accounted for the entire $201.9 million category outflow, while every other tracked Ether ETF reported zero net movement. The loss accelerated a streak that has persisted since September 29, with prior daily outflows of $2.8 million, $59.6 million, $55.4 million, $37.4 million and $50.8 million.

Solana ETFs also remained under pressure, posting $3.7 million in net outflows, all from Grayscale's GSOL. The October 6 figures reveal a clear divergence in institutional positioning: fresh capital returned to Bitcoin, while Ether experienced its largest withdrawal of the recent streak and Solana recorded another day of redemptions.

Bitcoin traded around the mid-$85,000 range during the session, near $85,297, down roughly 0.6%, amid a stronger U.S. dollar and persistent geopolitical uncertainty, according to LSEG data cited by Barron's. The flow data also sits alongside on-chain behavior suggesting Bitcoin holders are not moving coins to exchanges at elevated rates, a pattern that can tighten available spot supply when ETF issuers buy Bitcoin. Still, daily flows remain volatile, and the broader crypto ETF complex posted a net outflow on the day.

Previously on the topic:
Oct 3, 2026, 8:23 p.m.
Raoul Pal: Bitcoin Needs a Weaker Dollar Before Full Recovery Signal
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