After weeks of uneven inflows, Bitcoin exchange-traded funds are once again dominating the institutional spotlight.
Fresh data from Farside shows that October 6 marked a breakout moment, with spot Bitcoin ETFs absorbing nearly $1.2 billion in new capital – signaling a powerful resurgence of investor confidence in the world’s largest cryptocurrency.
Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which captured the overwhelming share of activity. Its single-day inflow of $969 million dwarfed every competitor, reaffirming BlackRock’s status as the dominant player in the Bitcoin ETF landscape. Fidelity’s FBTC followed with a more modest $112 million, while Bitwise’s BITB and Grayscale’s GBTC added roughly $60 million and $30 million, respectively.
The sharp return of capital to Bitcoin stands in stark contrast to Ethereum’s slower performance. Combined inflows into all Ethereum-based ETFs reached just $176 million on the same day, despite growing investor attention after ETH’s recent price recovery. BlackRock’s Ethereum Trust (ETHA) led that group with $92 million, but the overall picture remains subdued.
Over the past month, Bitcoin ETFs have pulled in nearly $4.6 billion, compared to Ethereum’s $1 billion, according to market trackers. Analysts interpret this as a rotational shift – a reversal of August’s trend when Ethereum briefly attracted more institutional exposure.
CryptoQuant’s Maartunn described the shift as “a reassertion of Bitcoin’s dominance,” arguing that large funds appear to be consolidating around BTC as macro uncertainty drives demand for stability over speculation.
For investors, the data confirms what the market has hinted at all week: Bitcoin is once again the preferred asset of institutional capital – and its ETF inflows are now setting the pace for the entire crypto sector.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/blackrocks-bitcoin-etf-sees-massive-969m-inflow-as-demand-returns/