U.S. spot bitcoin exchange-traded funds (ETFs) attracted $175.99 million on Tuesday, extending their winning streak to two sessions and bringing week-to-date inflows to more than $286 million.
Blackrock, Fidelity Drive Bitcoin ETF Streak
Blackrock’s IBIT remained the dominant destination with $151.46 million in inflows, while Fidelity’s FBTC added $24.54 million. No bitcoin fund recorded an outflow. Trading value reached $1.58 billion, and net assets rose to $103.94 billion.
The breadth of buying widened compared with Monday, when the entire inflow came through IBIT. Tuesday’s addition of Fidelity as a second major buyer suggests demand is becoming less dependent on a single product.
Ether’s Weakness Remains Persistent
Ether ETFs lost another $60.22 million. Blackrock’s ETHA shed $93.28 million, extending a pattern that has made it the main source of ether ETF redemptions in recent weeks. Fidelity’s FETH attracted $28.58 million, while Grayscale’s Ether Mini Trust added $4.48 million.
Trading activity totaled $392.33 million, with net assets closing at $14.18 billion. The internal rotation shows capital still entering selected ether products, but withdrawals from ETHA continue to overwhelm those inflows.
Across Monday and Tuesday, ether ETFs have lost roughly $149 million, while bitcoin funds have gained more than $286 million over the same period.
Solana Weakens as Zcash Keeps Building
Solana ETFs suffered a $19.16 million outflow, entirely from Grayscale’s GSOL. The decline follows Monday’s $8.23 million withdrawal and pushes two-day losses above $27 million. Trading value fell to $38.71 million, while net assets closed at $1.54 billion.
NEAR also lost momentum, with Bitwise’s NRR recording a $4.84 million outflow after attracting capital Monday.
Zcash moved in the opposite direction. Grayscale’s ZCSH brought in another $3.45 million, extending its inflow streak to six consecutive sessions. Net assets rose to $754.87 million.
XRP and HYPE ETFs recorded no net flows.
ETF Flows May Confirm Moves More Than Predict Them
Research shared by DWF Labs found that daily ETF flows showed a much stronger relationship with bitcoin’s performance in the preceding five days than with returns in the days that followed. According to DWF Labs, the correlation between ETF flows and the next five days of bitcoin returns was just 0.03.
That suggests large inflow days often arrive after the market has already moved, making ETF activity a stronger gauge of institutional participation than a reliable forecasting tool.
For this week, bitcoin ETF demand is improving and spreading across issuers, while ether and solana remain under pressure. The next signal will come from persistence: a third strong bitcoin session would strengthen the case that institutional allocation is rebuilding, while another sharp reversal would reinforce the highly tactical flow pattern that has defined October.
