U.S. spot Bitcoin ETFs have wiped out their October losses in just three trading days, pulling in roughly $1.07 billion in net inflows since Monday and flipping the month into positive territory by approximately $460 million.

The funds took in $524.8 million on Wednesday alone, according to Decrypt's ETF tracker, extending an inflow streak that began Monday to a third consecutive session. Daily flow figures track net creations and redemptions of fund shares, which is why the numbers are widely read as a gauge of investor demand through the ETF wrapper — a structure that offers bitcoin exposure through standard brokerage accounts. As recently as last Friday, the products had shed about $615 million for the month; they now stand roughly $460 million in the green for October.

Monday's haul of $526.7 million — the group's strongest single day since Sept. 22 — came entirely from BlackRock's IBIT, the largest of the spot Bitcoin ETFs. The rebound marks a decisive turn after a two-week stretch in which the funds lost about $910 million. Cumulative net inflows since the products debuted in January 2024 now stand at $58.4 billion, with total net assets at $100.8 billion.

The return of buyers coincides with a fresh vote of long-term confidence from Wall Street. J.P. Morgan Asset Management, the asset management arm of JPMorgan Chase, this week issued its first long-term forecast for Bitcoin, projecting a 10% compound annual return for the asset over the next 10 to 15 years, while cautioning that volatility could run at about 55%. Projections of this kind, known as capital market assumptions, are typically used to frame how large managers approach allocation over multi-year horizons.

Ethereum ETFs, meanwhile, finally caught a break. The funds recorded a $14.9 million inflow on Wednesday, snapping a five-day outflow streak that drained about $389 million. Even so, they remain deep in the red for October, down roughly $1.07 billion for the month. Cumulative net inflows for the Ethereum funds, which began trading in July 2024, stand at $12.8 billion.

The renewed inflows have yet to lift prices. Bitcoin traded at about $81,470 on Thursday, down 2.4% over 24 hours but still up 2% on the week. It marks a sharp turn from just a day earlier, when Bitcoin touched a weekly high near $85,000.

Ethereum fell 2.6% to roughly $2,393, and the total crypto market capitalization slipped 2.9% to $2.84 trillion. Privacy-focused Zcash was among the hardest hit in the top 10, dropping 5.6%, though it remains up nearly 14% over the past seven days.

Traders on Myriad, a prediction market developed by Decrypt's parent company Dastan, are not betting on a breakout. Myriad participants give Bitcoin just a 20% chance of topping $87, before October ends, according to the BTC highs market, and 9% odds of reaching $90,000. On the downside, they put the odds of a drop to $77,500 at 35% on the BTC lows market; Bitcoin already briefly slipped below $80,000 last week.

Sentiment on Ethereum is comparatively brighter. Myriad users give ETH a 61.3% chance of pumping to $3,000 before dumping to $1,500, per the platform's ETH next-move market.

Looking ahead, the Federal Reserve's next policy meeting is scheduled for Oct. 27-28, with persistent inflation keeping another rate hike on the table. Rate decisions sit among the most closely watched events on the financial calendar, serving as a key macro signal for traders across asset classes.

This article is for informational purposes only and does not constitute financial, investment, or other advice.

Source: Decrypt