U.S. spot Bitcoin ETFs recorded roughly 446 million dollars in net inflows for the week, reversing the prior soft patch and hinting that institutions still buy the dips. Over the same stretch, spot Ether products saw about 244 million dollars in outflows, a notable contrast that kept the market honest after a frantic first half of October.

Daily prints show how quickly sentiment can turn. After four straight sessions of redemptions, Bitcoin funds swung to a single-day net inflow near 477 million dollars as prices steadied, a flip that broke the losing streak and re-anchored flows.

What the divergence actually signals

The split is not just about winners and laggards. Bitcoin’s rebound suggests allocators continue to treat it as the cleanest expression of crypto beta, especially when macro is noisy and liquidity is patchy. Ether’s outflows, meanwhile, reflect a different set of questions that investors still need answered, from staking mechanics inside fund structures to the timing and scope of future product features. The weekly etf total underscores that rotation within crypto is active rather than passive right now.

Context helps. Earlier in October, a monster print north of one billion dollars flowed into Bitcoin ETFs in a single session as price tagged fresh highs, a reminder that headline inflows often cluster near emotionally charged levels. That history makes last week’s steadier, mid-range rebound feel more durable, not less.

Price drivers to watch next

Flows do not move in a straight line. The week’s split sits against a backdrop of macro cross-currents, including intermittent risk-off wobbles and questions about policy data timeliness. Short squeezes and funding resets can add noise. Even so, the path of least resistance remains tied to whether Bitcoin ETFs keep printing green on more days than not, especially if breadth widens beyond a handful of big issuers. Recent records around 125,000 were pinned on ETF demand, so subsequent rallies will likely need the same sponsorship.

Ether’s challenge is more nuanced. Capital wants clarity on product design and the roadmap for yield features. Until those mechanics are settled, Ether funds may trade more like satellite positions in multi-asset portfolios, making them sensitive to weekly rebalancing. That does not preclude sharp risk-on weeks. It simply means the hurdle for sticky inflows is higher.

The bottom line

The week delivered a clean message. Bitcoin ETFs attracted fresh capital while Ether funds leaked. The daily swing back to inflows suggests the buyer is still there, even if conviction arrives in bursts. If the next few prints confirm breadth across issuers and steadier intake, price can follow. If not, expect more chop around well-watched levels while investors wait for the next catalyst.

Frequently asked questions

What exactly changed last week in ETF flows?
Bitcoin ETFs added about 446 million dollars for the week that ended 24 October, while Ether funds lost about 244 million dollars, marking a clear divergence between the two largest crypto assets.

Did one big day drive the Bitcoin number?
A single day near 21 October saw roughly 477 million dollars in net inflows, which helped flip the weekly tally back to positive after a red streak.

Are large daily inflows reliable signals for price?
Huge prints can coincide with local peaks, as seen earlier in October, so traders often look for persistence across multiple sessions rather than one-off spikes.

What are analysts saying publicly?
Nate Geraci highlighted multi-billion weekly intake for spot Bitcoin ETFs. Other analysts pointed to advisors dominating known Ether ETF holders, which can magnify tactical shifts.

Glossary of long key terms

Exchange-traded fund (ETF)
A regulated fund that tracks an asset and trades on stock exchanges, allowing investors to gain exposure without holding the underlying coins.

Net inflows and outflows
The difference between new money entering a fund and money leaving it over a set period. Positive net inflows imply demand, while outflows imply the opposite.

Advisor-dominated holder base
A fund ownership profile where registered investment advisors represent a large share of known holders, which can increase sensitivity to model-driven rebalancing.

Product breadth across issuers
A sign of healthier demand where multiple funds, not just one or two, attract consistent inflows, reducing reliance on a single vehicle for price support.

Read More: Weekly ETF Split: Bitcoin Pulls In Cash While Ether Bleeds">Weekly ETF Split: Bitcoin Pulls In Cash While Ether Bleeds

Multiple crypto exchange-traded funds (ETFs) are set to launch this week despite the government shutdown, with investment products based on Solana (SOL), Litecoin (LTC), and Hedera (HBAR) seemingly ready to start trading as soon as Tuesday.

Big Week For Crypto ETFs

On Sunday night, Nate Geraci affirmed that the next two weeks will be key for the long-awaited spot crypto-based ETFs as Solana, XRP, LTC, and other ETF filings are “all lined up & ready for launch.”

Similarly, Bitwise CEO, Hunter Horsley, hinted that this week would be a “Big week,” suggesting progress related to its Solana Staking ETF. It’s worth noting that the crypto community has been awaiting the US Securities and Exchange Commission (SEC)’s approval of the investment products following the numerous ETF applications filed over the past few months.

Between August and September, the regulatory agency postponed the decision deadline of most applications by two months, pushing back the key dates to mid-October and mid-November. However, the government’s shutdown, which started on October 1, reduced the odds of the products receiving a green line during the expected timeline.

On Monday morning, ETF expert Erich Balchunas reported that multiple issuers were looking to launch their crypto-based ETFs this week, despite the government shutdown. According to the Bloomberg analyst, Canary Capital had filed 8-A forms for its spot Litecoin and Hedera ETFs, while Bitwise had filed one for its Solana Staking ETF.

“These are the ones rumored to be poss looking to launch (along w Grayscale solana) this week despite shutdown. Not a done deal but clearly preparations being made. Stay tuned,” Balchunas stated.

Solana, Litecoin, Hedera Products Take The Lead

Later, Balchunas confirmed the reports that the exchange had posted listing notices for Bitwise’s Solana Staking ETF, and Canary’s LTC and HBAR ETFs to launch on October 28, while Grayscale’s Solana trust is set to convert on Wednesday. “Assuming there’s not some last min SEC intervention, looks like this is happening,” the analyst added.

Crypto Journalist Eleanor Terret also shared the news, citing Canary’s CEO, Steven McClurg, who confirmed that the Canary spot HBAR and LTC ETFs will begin trading on Nasdaq on Tuesday.

“Litecoin and Hedera are the next two token ETFs to go effective after Ethereum,” McClurg told the journalist in a statement. “We look forward to launching tomorrow.”

Terret explained that despite the government shutdown, the launch is possible because “the operation of law does not always actually require an open government.”

According to the post, the 8-A forms are “just as important” as the S-1s filings: the former formally registers ETF shares under the Securities Exchange Act of 1934, while the latter registers the investment products under the Securities Exchange Act of 1933.

After NYSE certified all the 8-A filings for the ETFs above on Monday, shares can start trading, Terret affirmed, adding:

“Here’s the key: The issuers included language in their amended S-1s that lets them automatically go effective 20 days after filing. Typically, issuers delay S-1s until the SEC takes them effective, but the legal default is that the S-1 goes automatically effective without SEC intervention. That means the agency doesn’t need to approve them manually and the filings can go live on their own, even during the shutdown. So, long story short, all the legal boxes are checked and these ETFs are on track for launch.”

After months of growing uncertainty and anticipation, the debut of exchange-traded funds (ETFs) for Hedera (HBAR) and Litecoin (LTC) is set to commence tomorrow, as confirmed by Canary Capital’s CEO Steven McClurg on Monday.

Hedera And Litecoin ETF Launches Imminent

Crypto reporter Eleanor Terret shared the news on X (formerly Twitter), revealing that the ETF launches for Litecoin and Hedera are imminent, with a statement from McClurg underscoring the excitement for the upcoming launch.

Notably, the New York Stock Exchange (NYSE) has also made significant moves in the ETF sector by certifying 8-A filings and issuing listing notices for Bitwise Invest’s spot Solana (SOL) ETF launch tomorrow and Grayscale’s GSOL conversion slated for Wednesday.

Despite the ongoing government shutdown, these ETF debuts are proceeding smoothly, Terret confirmed. The legal processes behind ETF launches, including the crucial 8-A filings, have been completed successfully, paving the way for the launch of these investment vehicles.

ETF Listings Confirmed

Addressing concerns about Securities and Exchange Commission (SEC) approval during the shutdown, a key detail emerged: the issuers strategically included provisions in their amended S-1 filings, enabling automatic effectiveness 20 days post-filing. This ensures a seamless transition to trading without manual SEC approval.

Bloomberg’s ETF expert, Eric Balchunas, further corroborated this development on social media, confirming the listing notices for Bitwise, Canary, to launch imminently, with grayscale Solana’s conversion scheduled shortly after. Balchunas stated, “Assuming there’s not some last min SEC intervention, looks like this is happening.”

The news has sparked a recovery in HBAR and LTC prices. Litecoin has regained the key $100 mark with a 2% surge in the 24-hour time frame, while Hedera has seen similar gains of 2.1% during the same period. 

Featured image from DALL-E, chart from TradingView.com 

Crypto analyst CryptosRus has drawn attention to the open interest reset for XRP. The analyst also explained why this development could spark a major price surge for the altcoin. 

XRP’s Open Interest Drops To New Lows

In an X post, CryptosRus revealed that XRP’s open interest on Binance has dropped back to the same lows that were seen in May 2025. The analyst noted that back then, the liquidation flush sparked a massive rally for the altcoin, which pushed it to $3.50. He added that this time around, the open interest is at the floor again, but the price is holding around $2.6. 

CryptosRus stated that this means that leverage is gone while the strong hands are still holding XRP. The analyst predicted that if new liquidity enters, this setup could signal the next leg up for the altcoin. He added that rallies usually start when leverage is low, spot demand is strong, and shorts are trapped. 

Notably, XRP has witnessed new demand with the launch of the largest XRP treasury company, Evernorth. The company has already accumulated up to $1 billion in XRP with Ripple’s backing and has revealed plans to continue accumulating more, using gains from its DeFi activities. Notably, the company stated that it will purchase XRP on the open market, which is expected to impact the altcoin’s price. 

Meanwhile, the SEC is expected to approve the spot XRP ETFs once the U.S. government shutdown ends. This could drive new liquidity into the altcoin, boosting its price. Moreover, experts such as Canary Capital’s CEO Steven McClurg have predicted that the XRP ETFs could see more inflows in their first month than the Ethereum ETFs did. 

XRP Is Gearing Up For A ‘Face Melting’ Rally

Crypto analyst Ether stated that XRP is quietly gearing up to melt faces and that most aren’t even aware or ready for what is coming. This came as the analyst alluded to an earlier analysis, in which he revealed that a similar scenario from a previous cycle was playing out for the altcoin. 

Ethere stated that XRP’s cyclical structure is showing a striking similarity again. After the altcoin’s rally in 2017, its price was rejected from the 2013 all-time high (ATH) level and then retested the 2014 ATH level, which had previously acted as resistance. XRP then began its parabolic run after it accumulated strength in that range. 

Now, this same XRP price action is playing out again, according to Ether. He noted that after the strong surge in 2024, the altcoin’s price was rejected at the 2017 ATH level and retested the 2021 ATH level, which had previously acted as resistance. The analyst added that the power accumulation phase is now underway in this region and that once it is complete, the next parabolic run will be inevitable. 

At the time of writing, the XRP price is trading at around $2.63, up in the last 24 hours, according to data from CoinMarketCap.

Bitcoin has performed strongly below expectations in October, with total monthly gains now estimated at around 1.54%. Following a bullish start, which established a new all-time high at $126,000, the premier cryptocurrency experienced a heavy correction mid-month, resulting in present price levels around $111,400. Amid these developments, crypto analyst Amr Taha has noted a recent shift on the Binance network, with potentially bullish implications for market participants.

Exchange Reserves Near Critical Low

In a recent QuickTake post on CryptoQuant, Amr Taha shares insights into Bitcoin’s possible near-term trajectory, using data from the Bitcoin Exchange Reserve on Binance. As the name implies, this metric is an on-chain indicator that tracks the total amount of Bitcoin held in exchange wallets over time. The exchange reserve is an important measure of investors’ sentiment, as a high figure suggests preparation to sell and a growing lack of conviction among investors. However, when investors withdraw large amounts of their holdings from exchanges, especially within a short period, it indicates confidence in the asset’s prospects for price appreciation.

Taha points out that the Bitcoin exchange reserves on Binance have seen a significant decline, with the current reading approaching 610,000 BTC,  a level last reached in July, and also one of the lowest levels seen last year. While Bitcoin’s exchange reserves have steadily declined throughout 2025, the analyst remarks that the most recent decline looks “extremely aggressive,” implicitly suggesting the possibility of an imminent radical change.

One possible effect of this drastic drop in exchange reserve is a supply shock, i.e., a sudden drop in the available supply of an asset. This abrupt shrinkage in selling supply also increases the market’s fragility to the upside, with increasing demand serving as fuel to bolster major upswings.

Factors Behind Bitcoin’s Falling Exchange Reserve

Interestingly, Taha explains that as Bitcoin’s price swings around the $111,500 level, it reflects an underlying amount of demand, thus reinforcing earlier conjectures on growing long-term holders (LTH) confidence. As a result, Bitcoin could soon see an influx of momentum to push its price to the upside.

Aside from growing institutional and whale accumulation standing as the primary driver of declining reserves, the analyst also points out the immense demand from the spot ETFs as another factor in play. A proportion of BTC typically gets pulled into these funds, thereby competing with the supply of Bitcoin available in the market. 

At the time of writing, Bitcoin is worth approximately $111,613, reflecting no significant movement in the past day.

Updated on 24th October, 2025

This article was first published in The Bit Journal.

What could be the driving force behind the sharp outflow, despite Bitcoin and Ethereum ETFs experiencing a $619 million inflow only a few days ago?

Analysts are concerned about a fading momentum in both Bitcoin and Ethereum ETFs, which has led to mass investor outflows. After a combined inflow of at least $619 million last Tuesday, signaling investor confidence, the energy faded the following day, with Bitcoin and Ethereum ETFs recording significant outflows.

A Sense of Fear Prevails in the Market

According to data from Fairside, BlackRock’s IBIT led the outflow from Bitcoin and Ethereum ETFs, with over $100 million exiting the market. This was followed by other ETFs, including Fidelity, Grayscale, Bitwise, VanEck, and Invesco, that recorded smaller inflows that may have helped soften the overall decline. It’s worth noting that the outflows from the Bitcoin and Ethereum ETFs occurred when BTC briefly surged past $111K before retreating to around $108K early Tuesday.

Ethereum ETFs, on the other hand, were also under pressure, recording $145.7M in outflows, extending a three-day streak of withdrawals. According to most analysts, the trend indicates that investors were treading cautiously, balancing short-term price swings and were concerned about broader market volatility.

The optimism experienced earlier in the week proved short-lived, as both Bitcoin and Ethereum ETFs saw outflows. Total withdrawals peaked at $120 million, with Bitcoin funds losing $101.29 million and Ethereum ETFs shedding $18.77 million. Currently, the broader cryptocurrency market sentiment remains cautious, with the Crypto Fear & Greed Index at 27, indicating that fear prevails.

Investor Confidence Fluctuating

The cautious mood is reflected in the continued outflow from Bitcoin and Ethereum ETFs despite prices inching higher. For some reason, investors are hesitant to make any firm commitments due to uncertainty about the market’s short-term direction.

While the general market trend shows active investor interest in spot Bitcoin and Ethereum ETFs, the sentiment keeps fluctuating. The strong rebound on Tuesday shows how quickly capital can flow when investors are confident, while the pullback on Wednesday shows that traders remain cautious.

Conclusion

The latest activity in Bitcoin and Ethereum ETFs comes hot on the heels of mixed performance in the broader cryptocurrency market. Historically, when spot prices rebound, investor confidence flows suggest that institutional traders may still be wary of potential price corrections.

Unlike the spot market, Bitcoin and Ethereum ETFs may react more slowly due to associated fund mechanics, investor reporting schedules, and capital reallocation strategies. The ongoing pullback in Bitcoin and Ethereum ETFs suggests that crypto investment products may behave differently from their underlying tokens.

Glossary to Key Terms

ETFs: Cryptocurrency exchange-traded funds (ETFs) track the price performance of cryptocurrencies by investing in a portfolio linked to their instruments, which can be traded on regular stock exchanges, and investors can hold them in their standard brokerage accounts.

ETF Inflows: Fund flow measures the cash moving into and out of financial assets over specific time periods, often used to understand investor sentiment. Net inflow can signal investor optimism or caution in the market.

ETF Outflows: When ETF shares are converted into the component securities, this is referred to as ETF outflow. ETFs depend on the effectiveness of the arbitrage mechanism for their share prices to track net asset value.

Market rebound: In the world of stocks, a rebound is a period in which prices rise after a prior decline or bearish phase.

Frequently Asked Questions about Bitcoin and Ethereum ETFs

What happened to crypto ETFs on Wednesday?

Bitcoin and Ether ETFs experienced severe outflows they losing $101 million and $19 million, respectively.

Which Bitcoin ETFs were most affected?

The most significant casualties of the outflows were Grayscale’s GBTC, Fidelity’s FBTC, and Ark’s ARKB, which reversed Tuesday’s gains.

Which funds record inflows despite the downturn?

According to available data, BlackRock’s IBIT and ETHA continued to attract strong investor interest despite the ongoing outflows.

What does this mean for the crypto market outlook?

The midweek pullback in crypto ETFs signals that investors were treading cautiously amid ongoing market volatility.

Read More: After $619M Inflow, Bitcoin and Ethereum ETFs Face Sudden $120M Pullback">After $619M Inflow, Bitcoin and Ethereum ETFs Face Sudden $120M Pullback