Crypto ETFs Split as Bitcoin Adds $23M, Ether Loses $26M

U.S. spot crypto ETFs diverged on October 20 as Bitcoin funds attracted $23.16 million. Ethereum exchange-traded funds (ETFs) lost $26.13 million, extending their withdrawal streak to five sessions.

According to SoSoValue, Bitcoin ETF inflows reached $549.76 million across October 19–20. However, Ethereum funds had already lost approximately $1.08 billion since October began.

The divergence followed two weeks of substantial withdrawals across both markets. Bitcoin subsequently approached $85,000 on October 21, renewing attention on the recovery.

Crypto ETFs Diverge as BlackRock Leads Bitcoin Inflows

The October 20 number looks small next to the session before it. On October 19, Bitcoin ETFs took in $526.60 million, their largest daily intake of the month.

Tuesday’s follow-through was much lighter, but it kept the run positive and lifted weekly inflows to $549.76 million after just two trading days.

BlackRock did the heavy lifting again. Its fund added $29.87 million on the day, which means the rest of the Bitcoin ETF group posted a combined net outflow of roughly $6.7 million.

Cumulative net inflows for spot Bitcoin ETFs now sit at $57.43 billion, with total net assets of $106.28 billion.

Crypto ETFs Split as Ethereum ETFs Extend Outflow Streak to Five Days

Ethereum ETFs posted a $26.13 million net outflow on October 20, their fifth straight losing session. Across those five days, investors pulled about $388.8 million from the products.

Ethereum has been the weakest corner of US crypto ETFs this month. The funds have recorded outflows in each of the last four weeks, including $542.07 million in the week ending October 9 and $319.97 million in the week ending October 16.

Total net assets dropped to $14.98 billion, down from $17.71 billion on October 1. Cumulative net inflows slipped to $12.81 billion, and trading value stood at $624.58 million on the day.

BTC Price Analysis: Can Bitcoin Build on Renewed ETF Inflows?

Bitcoin trades near $83,454 on the weekly chart after bouncing from the $60,000 to $65,000 zone.

The recovery has pushed price back above $80,000, but BTC still sits well below its 2025 peak near $126,200.

The nearest hurdle is the $85,000 to $90,000 range, with a tighter band between $83,400 and $84,400 acting as first resistance. On the downside, buyers need to hold $78,000 to $80,000.

A break below that area could bring $75,000 and then the $60,000 to $65,000 swing lows back into play.

Weekly RSI readings sit at 64.07, 60.27 and 53.36, which point to improving buying strength without reaching the overbought level of 70. The MACD line is above its signal line, and the histogram is positive.

This is where flows into crypto ETFs matter. Steady spot demand from these funds would give the rally a firmer base than futures bets.

Bitcoin Price Approaches $85,000 as Crypto ETFs Recover

Bitcoin advanced during October 21 trading as buyers extended the recovery. Investing.com recorded a closing price near $84,696, up approximately 2% for the session.

The cryptocurrency reached an intraday high near $84,863, approaching psychological resistance at $85,000.

That level also sits near recent October trading highs. Bitcoin previously traded above $85,500 on October 7 before retreating.

A sustained recovery beyond $85,000–$85,500 could bring $90,000 into focus. However, the price would first have to establish support above the resistance region.

On the downside, the $83,000 area provides an initial reference following recent trading. Further weakness could expose $80,000, near the October 15 intraday low.

The original weekly Relative Strength Index and Moving Average Convergence Divergence readings remain unverified without the underlying Coinank chart.

Could Crypto ETFs Support Bitcoin’s Next Price Move?

The recent crypto ETFs divergence highlights differing investor demand for Bitcoin and Ethereum funds. However, two positive Bitcoin sessions do not establish a sustained accumulation trend.

October’s cumulative Bitcoin ETF flows remained negative through October 20, despite the latest weekly recovery. Ethereum funds faced deeper monthly withdrawals exceeding $1 billion.

Further Bitcoin ETF inflows could strengthen the recovery alongside sustained spot-market buying. A weekly close above $85,500 would strengthen the case for testing $90,000.

Conversely, weaker fund demand and a decline below $80,000 could expose $78,000. Further downside would require additional confirmation before lower price targets became relevant.

The next completed ETF sessions will clarify whether Bitcoin’s renewed demand persists.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency prices are highly volatile, and investors face potential capital losses. Readers should conduct independent research before making investment decisions.