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Bitcoin ETF Inflows Return Amid Gold Sell-Off and BTC Price Spike
Spot Bitcoin ETFs in the U.S. made a strong comeback on Tuesday, raking in $477.19 million in net inflows as Bitcoin (BTC) surged past $113,000, while traditional safe-haven assets like gold and silver plummeted.
Inflows Return After Four-Day Outflow Streak
According to SoSoValue data, all 12 U.S.-listed spot Bitcoin ETFs recorded positive net flows on October 21, breaking a four-day streak of over $1 billion in combined outflows.
Leading the charge was BlackRock’s IBIT, which pulled in $210.9 million, followed by ARK 21Shares’ ARKB with $162.85 million. Additional contributions came from Fidelity’s FBTC, Bitwise’s BITB, and others, adding another $103.44 million collectively. Notably, no ETF recorded net outflows during the session.
Despite last week’s turbulence, which saw $1.23 billion exit the sector, total net inflows for October now stand at $4.21 billion, already surpassing September’s $3.53 billion.
Bitcoin Surges as Gold and Silver Sell Off
The ETF inflows coincided with a sharp Bitcoin rally, with the asset reaching an intraday high of $113,996.35 — its strongest level since October 15 and nearly 9% above Friday’s low of $104,778.
Meanwhile, gold fell more than 5%, marking its worst single-day drop in five years, and silver plunged nearly 8%. The simultaneous decline in precious metals and rise in BTC has triggered fresh speculation around Bitcoin’s role as an alternative safe-haven asset.
Macroeconomic Shifts Boost Crypto Sentiment
Investor sentiment likely got a further boost as U.S. officials signaled progress in resolving the ongoing government shutdown, while attention now turns to the upcoming CPI report on October 24. With expectations pointing to a 3.1% year-over-year inflation rate, markets are anticipating a 25 basis point interest rate cut at the Federal Reserve’s next meeting — a move often seen as supportive of risk assets like Bitcoin.
As of writing, Bitcoin has pulled back slightly, trading at $108,124, but remains up significantly on the week.
