Bitcoin, Solana spot ETFs post October 5 outflows as Ethereum funds see inflows
In brief
- Bitcoin and Solana spot ETFs posted net outflows on October 5; Ethereum ETFs saw net inflows.
- US spot Bitcoin ETFs took in $241.09 million in weekly net inflows, per SoSoValue data.
- Spot Ethereum ETFs shed $138.02 million on the week, reversing a prior $690 million inflow.
- Cumulative spot Bitcoin ETF inflows since the 2024 launch reached around $57.8 billion.
- Rotation toward Bitcoin could add near-term volatility, warned research cited by Crypto Briefing.
The daily split doesn't match the week
October 5 was a slightly awkward session. Crypto Briefing reported that Bitcoin and Solana funds posted net outflows on the day, Ethereum funds took money in, and XRP products broke even with zero net flow. The outlet didn't publish dollar figures for that single day (and didn't name a data provider for them), so the direction is all we've got.
The weekly numbers look different.
According to SoSoValue data cited by Crypto Briefing, US spot Bitcoin ETFs collected $241.09 million in net inflows for the week ending in early October. It's the third straight positive week for the Bitcoin funds, and it lifted cumulative inflows since their 2024 launch to around $57.8 billion.
Ethereum gives back part of a big week
Spot Ethereum ETFs shed $138.02 million over the same stretch. That reversed the prior week, when Ethereum products had pulled in $690 million, and left year-to-date Ethereum ETF inflows at roughly $1.5 billion, per the same report.
Smaller products held up. Solana spot ETFs gained around $2.43 million on the week and XRP funds brought in $4.74 million, with both extending existing inflow streaks. Crypto Briefing also cited research showing Zcash ETFs posted their first weekly outflow (approximately $94 million) across late September and early October, and it said Bitcoin traded near $85,000 to $86,000 during the period the data covered.
What the cited research reads into it
The research Crypto Briefing referenced framed the weekly pattern as a sentiment shift, with capital favoring Bitcoin over Ethereum as Bitcoin's market dominance grew. It flagged that Ethereum's outflows could raise concerns about the asset's market position as it competes with Bitcoin for investor attention.
The research went further than that. It warned that continued rotation toward Bitcoin and other established assets could bring more near-term volatility to the broader crypto market. That's the research's view, not a forecast from this desk, and there's one detail to weigh against it: on October 5 alone, ETF flows ran toward Ethereum, not away from it.
Frequently asked questions
Did spot Bitcoin ETFs see inflows or outflows in early October?
Both, depending on the timeframe. Crypto Briefing reported net outflows from US spot Bitcoin ETFs on October 5. SoSoValue data showed $241.09 million in weekly net inflows for the week ending in early October, the third straight positive week for the funds.
How much did spot Ethereum ETFs lose over the week?
SoSoValue data cited by Crypto Briefing showed spot Ethereum ETFs shed $138.02 million in net outflows. That reversed the prior week's $690 million inflow and left year-to-date Ethereum ETF inflows at approximately $1.5 billion.
