US spot Bitcoin exchange-traded funds recorded $301.2 million in net inflows for the trading week ended October 24, according to provisional data, ending a two-week run of outflows that had drained roughly $910 million from the products.

The margin was thin. A surge from Monday through Wednesday supplied nearly all of the week's positive flows, and heavy redemptions on Thursday and Friday gave back a sizable share of it, leaving the category narrowly positive on the week. Weekly net-flow tallies function as one of the most closely watched reads on US allocator demand for Bitcoin, since these funds are the primary regulated US fund structure for the asset.

The daily breakdown splits the week in two. Inflows reflect creations of new fund shares, while outflows reflect redemptions. Monday brought $526.7 million in inflows, Tuesday added a modest $23.2 million, and Wednesday contributed another $524.8 million — roughly $1.07 billion in fresh money across three sessions. The direction then flipped. Thursday saw $635.6 million leave the funds, the largest single-day outflow of the week, and Friday followed with $137.9 million in redemptions, according to Decrypt's ETF tracker, marking a second straight day of exits. Late-week outflows totaled $773.5 million; netted against the early haul, they leave the provisional weekly figure at $301.2 million.

Bitcoin's price barely reacted to the swings. The asset moved about 1% and traded around $80,490, holding within a band of roughly $80,000 to $84,000 despite more than $1 billion flowing in and out of the funds over the five sessions. On the prediction market Myriad — where contract prices function as implied probabilities — traders lifted the implied odds of Bitcoin declining to $77,500 at some point this month to 43%.

BlackRock's IBIT carries the week

BlackRock's iShares Bitcoin Trust (IBIT) was the week's largest contributor by a wide margin, pulling in $565.7 million week-to-date. That figure is larger than the net inflow across all funds combined, meaning the rest of the field was collectively net negative.

IBIT was not immune to the late-week selling. It posted $110.3 million in outflows on Friday alone, the heaviest single-fund redemption that day. Fidelity's FBTC also saw withdrawals of $31.8 million on Friday, a pattern suggesting the late-week exit was not confined to a single issuer.

Ether funds moved the other way

Spot Ether ETFs did not share in the recovery. The products recorded net outflows of about $221 million over the same week, moving in the opposite direction from their Bitcoin counterparts and highlighting the split in investor demand across the two largest crypto assets.

Where the ETF complex stands

Total assets under management for US spot Bitcoin ETFs are now estimated at between $104.7 billion and $109 billion, and cumulative net inflows have topped $57 billion since the products launched in January 2024.

The week's flows also underscore two structural features of the market. With IBIT accounting for more than the entire category's net inflow, overall demand for spot Bitcoin ETFs leans heavily on a single product. The divergence with Ether funds — a $221 million outflow in a week when Bitcoin products turned positive — suggests investors may be consolidating toward Bitcoin rather than adding broad crypto exposure. Together, the figures point to selective rather than broad-based crypto allocation during the week.

The prediction-market pricing points in the same cautious direction. A 43% implied probability of Bitcoin hitting $77,500 this month, as priced by Myriad traders, indicates that a meaningful slice of the market is bracing for further downside. With Bitcoin sitting near $80,490, that level lies only a few percent below the current price. In the sessions ahead, the markers to watch are whether the category can string together consecutive net-positive weeks, whether the outflow divergence with Ether products persists, and whether Bitcoin's price tests the $77,500 level that Myriad traders currently price at 43%.