US Bitcoin ETFs Record $526.6 Million Inflows in Strongest Day Since September
U.S. spot Bitcoin exchange-traded funds recorded $526.6 million in net inflows on Monday, October 19, marking their highest single-day gain since September 22. The surge was driven by BlackRock’s iShares Bitcoin Trust (IBIT), which was the only fund among 11 spot Bitcoin products to post positive inflows for the session. The single-day capital influx significantly offset earlier monthly losses, bringing October net outflows down from $617.17 million to $90.57 million.
The wave of capital into Bitcoin funds came as other cryptocurrency products experienced steady declines. U.S. Ethereum funds shed $103.28 million on Monday, extending a run that has seen net outflows on 14 of the past 15 trading sessions totaling $1.12 billion. Solana products also lost $6.72 million. Bitcoin demonstrated relative stability against broader financial markets, holding above $80,000 while major technology indexes declined. The market movement returned Bitcoin above $81,500, surpassing the average cost basis for spot ETF investors.
Market participants are watching key technical levels following the cash influx. Downside support rests around $80,000 and $76,000, near the 50-week moving average of $76,100 that Bitcoin has held above for five consecutive weeks. Technical resistance sits at $84,000 and $87,500, with $88,000 representing the average entry price for investors who acquired coins six to twelve months ago. Sustained ETF inflows combined with a daily close above $88,000 would indicate buyers are absorbing overhead market supply.
Key points
- U.S. spot Bitcoin ETFs registered $526.6 million in net inflows on October 19, their largest single-day total since September 22.
- BlackRock’s iShares Bitcoin Trust (IBIT) was the sole spot Bitcoin fund to post positive net inflows during the session.
- Ethereum products lost $103.28 million, continuing a trend of net outflows across 14 of the last 15 trading days totaling $1.12 billion.
- Bitcoin climbed above the average spot ETF cost basis of $81,500 while holding above its 50-week moving average near $76,100.
Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org
How we writeDisclaimerQuestions and answers
How much money flowed into U.S. spot Bitcoin ETFs on October 19?
U.S. spot Bitcoin ETFs recorded $526.6 million in net inflows on October 19, their largest single-day inflow since September 22.
Which spot Bitcoin ETF attracted the inflows?
BlackRock’s iShares Bitcoin Trust (IBIT) was the only fund among the 11 U.S. spot Bitcoin ETFs to record positive net inflows on October 19.
What are the key price support and resistance levels for Bitcoin?
Key downside support levels sit at $80,000 and $76,000, while technical resistance levels are situated at $84,000, $87,500, and $88,000.