US-listed spot bitcoin exchange-traded funds recorded about $176 million in net inflows on Tuesday, marking a second consecutive day of renewed demand after heavy withdrawals late last week. The result followed roughly $110 million in net inflows on Monday, bringing the two-day total to $286 million, according to SoSoValue.
The recovery partly reversed nearly $774 million in combined net outflows reported on Thursday and Friday. October’s cumulative net outflow for US spot bitcoin ETFs had narrowed to approximately $26 million through Tuesday, while year-to-date net inflows stood near $850 million, SoSoValue data showed.
Bitcoin changed hands at about $80,818, up 1.6% over 24 hours, according to CoinGecko. The price gain coincided with the return of positive ETF flows, though two trading sessions are insufficient to establish whether the late-week selling pressure has fully passed.
Bitcoin funds recover while ether redemptions persist
The contrast with US spot ether ETFs was sharp. Ether funds recorded approximately $149 million in net outflows over Monday and Tuesday, extending a four-week run of aggregate weekly withdrawals.
October net withdrawals from spot ether ETFs reached about $1.32 billion through Tuesday, according to the figures provided. That places the month on course for the largest period of net redemptions from these products since November 2025.
ETF flows represent net creations and redemptions of fund shares rather than direct purchases or sales by every individual trader. Yet they remain closely watched because large and sustained inflows generally require fund issuers or their authorized participants to acquire the underlying asset, while redemptions can reduce that demand.
The divergence suggests that buyers returning to regulated cryptocurrency funds have favored bitcoin over ether. Bitcoin’s two-day rebound has reduced the scale of October’s outflows, whereas ether’s redemptions have remained large enough to keep monthly withdrawals deeply negative.
That separation also complicates any simple reading of a broader recovery in crypto risk appetite. Demand for bitcoin exposure through ETFs has improved from last week’s abrupt withdrawal period, but the continued outflow from ether products indicates that fund demand remains selective rather than uniformly bullish across the two largest digital assets.
Sentiment returns to neutral
Market sentiment also improved modestly. Alternative.me’s Crypto Fear & Greed Index rose to 51 on Tuesday from 48 a day earlier, placing it in the “neutral” range. The reading remained below 63, classified as “greed,” a week earlier.
The index combines several market indicators to gauge whether sentiment is leaning toward fear or optimism. Its move above 50 points to a less defensive mood than the prior session, although the decline from the previous week’s greed reading shows that confidence has not returned to earlier levels.
Bitcoin’s position near $80,000 has become an immediate reference point for the market after Tuesday’s advance. A sustained hold above that level would coincide with the recent improvement in ETF demand, while renewed fund outflows would leave the price more exposed to another bout of short-term volatility.
The available flow data also shows how quickly the picture can change. Thursday and Friday’s withdrawals were almost three times the size of the following Monday and Tuesday’s combined inflows. The latest rebound therefore offsets only part of the prior sell-off rather than erasing it.
A selective return of fund demand
The bitcoin ETF figures add to a year in which US-listed spot funds have remained a major channel for regulated exposure to the asset. With approximately $850 million in net inflows year to date through Tuesday, the products had retained positive cumulative demand despite October’s volatility, according to SoSoValue.
Ether ETFs face a different monthly setup. Their $1.32 billion in October outflows points to persistent redemptions rather than a brief reaction to a single trading session. If that pattern continues, it would leave ether funds carrying a substantially weaker demand signal than their bitcoin counterparts.
Neither set of figures alone establishes the direction of prices. ETF flows can reflect portfolio rebalancing, hedging activity, changes in institutional allocation preferences, or reactions to broader financial-market conditions. They offer a useful measure of demand through one increasingly visible route into cryptocurrency markets, but not a complete record of all spot-market activity.
For now, the immediate shift is confined to bitcoin funds: two positive sessions have interrupted a sharp run of withdrawals and helped stabilize October’s cumulative total. Ether products have yet to show an equivalent reversal, leaving the market’s largest regulated fund categories moving in opposite directions.
Learn how ETF flows shape crypto prices in this ETF trading guide for smarter Bitcoin decisions.
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