Bitcoin ETFs Bounce Back After a Rough Week

Bitcoin ETFs saw a big turnaround on October 21, ending a four-day streak of losing over $1. 2 billion. They brought in $477. 2 million in new money, the biggest one-day gain in two weeks. BlackRock’s IBIT led the way with $210. 9 million, followed by ARK Invest’s ARKB with $162. 9 million and Fidelity’s FBTC with $34. 1 million. Even smaller funds like Franklin’s EZBC and Invesco’s BTCO saw some love, while Grayscale’s GBTC kept losing money. The week before was rough for these ETFs. From October 15 to 20, they lost as much as $530 million in a single day. Big names like IBIT and FBTC had rare back-to-back outflows, and GBTC kept bleeding cash. The total loss hit $1 billion, one of the worst streaks since April. But Monday’s bounce shows that investors might just be shifting money around within Bitcoin ETFs, not leaving the market entirely. Bitcoin’s price stayed steady around $108, 600, barely moving up or down by 1%. This calm after the weekend drop suggests that the ETF inflows aren’t shaking up the market. Trading activity and funding rates stayed flat, meaning no big bets were being made. This quiet accumulation phase often happens when big players are slowly building up their positions. The big players, IBIT and ARKB, made up almost 80% of Monday’s inflows. This shows how much they control the ETF market’s mood. Meanwhile, GBTC keeps losing value and trading below its actual worth, showing it’s still struggling to find its footing since switching from a trust to an ETF. This bounce could be a fresh start for Bitcoin ETFs. With US interest rates easing and inflation worries settling down, riskier assets like Bitcoin are getting some attention again. If the inflows keep up, it could mean the bottom of this ETF cycle is here, setting up a stronger base for Bitcoin’s next move within its $107, 000 to $113, 000 range.