U.S. spot Bitcoin exchange-traded funds posted another strong day in Lookonchain’s Oct. 22 update, which estimated net inflows of 5,766 BTC, or about $470.15 million. The figures point to continued demand for Bitcoin products, with BlackRock and Fidelity making up the vast majority of the day’s net intake.

Ethereum fund data was less straightforward. In the same update, Lookonchain reported net withdrawals of about 4,423 ETH, valued at $10.63 million, from U.S. spot Ether ETFs. Those Ethereum numbers did not line up with Farside Investors’ latest completed-session data, underscoring a discrepancy between the two trackers.

Bitcoin inflows remain concentrated

According to Lookonchain, U.S. spot Bitcoin ETFs added 5,766 BTC in a single day. At roughly $470.15 million, that marked the stronger side of the day’s ETF activity and extended a positive recent trend for Bitcoin-linked funds.

The daily intake was heavily concentrated in the largest issuers. BlackRock and Fidelity together accounted for about 92% of the net Bitcoin inflow, while Lookonchain also noted activity from other issuers as well as Grayscale. The update did not change the broader picture that a small number of large funds continue to drive most of the net movement.

Seven-day totals show a split between Bitcoin and Ether

Over the last seven days covered by Lookonchain’s tally, Bitcoin ETFs recorded net inflows of $937.97 million. Over the same period, spot Ether ETFs showed net withdrawals totaling $290.03 million.

That contrast reinforced the different tone in the two markets. Bitcoin products, based on Lookonchain’s figures, remained in accumulation mode over the week, while Ethereum products continued to post an overall outflow trend.

Ethereum figures diverge across data sources

Lookonchain’s Oct. 22 update said U.S. spot Ether ETFs saw a net withdrawal of 4,423 ETH for the day. It attributed gross withdrawals of 11,764 ETH to BlackRock’s ETHA and 5,239 ETH to Fidelity’s FETH before arriving at the net outflow figure.

Farside Investors, however, showed a different picture in its latest completed-session data. The source article notes that Farside reported different inflow figures for Bitcoin and inflows for Ethereum on Oct. 21, creating a mismatch with Lookonchain’s Ethereum tally. The divergence means the latest day’s Ether ETF flow direction depends on which dataset is used.

How Farside’s latest completed sessions compare

For Bitcoin, Farside recorded three positive sessions from Oct. 19 through Oct. 21, totaling $1.0747 billion in inflows. Those sessions were all positive for spot Bitcoin ETFs, although the amounts differ from Lookonchain’s one-day update because the services are tracking different reporting windows.

For Ethereum, the source article says Farside showed withdrawals across those same completed sessions. That adds another layer of complexity: Farside’s recent trend for Ether remained negative over several sessions, even as the specific Oct. 21 data referenced in the article differed from Lookonchain’s update.

What comes next

The immediate next step is further session reporting from ETF issuers and data aggregators, which should clarify whether the latest Ethereum reading reflects a timing difference, a methodology gap, or another reporting issue. For now, the confirmed takeaway from the source material is that Bitcoin funds continued to attract sizable inflows in Lookonchain’s Oct. 22 update, while Ethereum ETF data remained inconsistent across trackers.

The article also points to earlier October reports describing sustained withdrawals from both Bitcoin and Ethereum funds. That recent background makes upcoming daily ETF flow reports important for determining whether Bitcoin’s latest strength is holding and whether Ethereum’s outflow pattern is easing or continuing.

Source: crypto.news