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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
10/20/2026

BlackRock ETF Drives $526M Bitcoin Inflow Despite Price Dip

What happened: US spot Bitcoin ETFs recorded $526.

BlackRock ETF Drives $526M Bitcoin Inflow Despite Price Dip

What happened: US spot Bitcoin ETFs recorded $526.6 million in net inflows on October 20—the largest daily inflow in a month—entirely due to BlackRock's IBIT, which attracted $665.16 million. Other major ETFs, including Fidelity's FBTC and Grayscale's GBTC, saw outflows of $83.6 million and $54.9 million, respectively. Despite the inflows, Bitcoin's price fell 1.19% to $81,618. Meanwhile, Ethereum ETFs saw a fourth consecutive day of outflows, with BlackRock's ETHA losing $95.4 million.

Why it matters: The concentration of inflows in a single ETF highlights BlackRock's growing dominance in the market and raises questions about concentration risk. The disconnect between strong inflows and a declining BTC price suggests that broader macro factors or profit-taking may be outweighing ETF-driven demand. Analysts see the inflows as evidence of resilient institutional interest, even as overall ETF flows for October remain negative.

Source: CoinDesk