Bitcoin News Today: Institutional Demand Drives $90M Bitcoin ETF Surge, Pushes Price to 7-Day High

The U.S. Bitcoin spot ETF market experienced a significant rebound on October 24, with total net inflows reaching $90.605 million, marking the first day since October 18 without any ETF experiencing outflows. Fidelity's FBTC led the charge with a single-day inflow of $57.924 million, while BlackRock's IBIT added $32.681 million, underscoring sustained institutional demand for regulated crypto exposure, according to a Coinotag report. This followed a broader trend of renewed investor confidence, as Bitcoin ETFs had previously recorded $477.2 million in inflows on October 22, ending four consecutive days of outflows and signaling a shift in market sentiment, as reported by Coinotag.

The inflow momentum extended beyond Bitcoin, with Ethereum spot ETFs also posting $141.7 million in net inflows on October 22, halting a three-day outflow streak, as reported by Coinotag. Fidelity's FETH and BlackRock's ETHA led Ethereum ETFs with $59.07 million and $42.46 million in inflows, respectively, as investors recalibrated portfolios amid evolving regulatory clarity, according to Coinpedia. These movements reflect a broader reallocation of capital within the crypto ETF space, with institutional participants seeking diversified exposure to both leading cryptocurrencies.

The surge in inflows has coincided with regulatory developments, as the U.S. Securities and Exchange Commission (SEC) reviews 155 crypto ETF filings for 35 assets, including Bitcoin, Ethereum, Solana, and XRP, according to a Coinotag review. The agency faces mounting pressure to finalize approvals by early 2026, with delays attributed to a government shutdown. Meanwhile, T. Rowe Price, a traditional asset manager with $1.77 trillion in assets, filed for a multi-asset crypto ETF that would include Bitcoin, Ethereum, Solana, and XRP, signaling further institutional adoption, as reported by Blockchain Magazine. This product aims to mirror traditional index fund strategies, offering investors balanced exposure to multiple cryptocurrencies through a single vehicle.

Market dynamics have also been influenced by BlackRock's dominance in the Bitcoin ETF landscape. The firm's IBIT ETF, which recorded $210.9 million in inflows on October 22, has amassed historical inflows of $65.306 billion, reinforcing its role as a liquidity driver for Bitcoin-related trading pairs, as Blockchain News reported. Analysts note that such inflows often precede short-term price rallies, with historical patterns suggesting potential 5-10% gains within days. Bitcoin's price surged to a seven-day high of $114,000 on October 22, while Ethereum reached $3,864.57, reflecting the impact of ETF-driven demand.

The ETF market's growth has also reshaped Bitcoin's market capitalization, with the total net asset value of spot ETFs reaching $149.962 billion as of October 24—representing 6.78% of Bitcoin's total market cap. This marks a significant increase from earlier in the year, as cumulative inflows have pushed ETF assets to $61.985 billion, highlighting the sector's maturation as a mainstream investment vehicle.