Bitcoin and Ethereum ETFs Stage Dramatic $340M Reversal After Brutal Sell-Off — Accumulation Phase Beginning?

Core Insights - U.S. spot Bitcoin and Ethereum ETFs experienced a significant turnaround on October 14, with a combined net inflow of $338.8 million after a weekend of over $755 million in withdrawals, indicating a potential shift in institutional investor behavior towards accumulation [1][2][3] Group 1: Market Activity - Bitcoin spot ETFs recorded net inflows of $102.58 million, while Ethereum ETFs attracted $236.22 million on October 14 [2] - The crypto market faced a sell-off that wiped out more than $500 billion due to U.S.–China trade tensions and liquidations across exchanges [2] - As of October 14, Bitcoin spot ETFs collectively hold $153.55 billion in assets under management, which is 6.82% of Bitcoin's total market capitalization [5] Group 2: Institutional Sentiment - Kevin Lee from Gate described the rebound as "encouraging but premature," emphasizing the need for consistent net creations across issuers to confirm durable institutional confidence [2][3] - Siraaj Ahmed from Byrrgis viewed the inflows as an early sign of accumulation, suggesting that institutions tend to buy during fear rather than panic [3] - Analysts suggest that the combination of ETF inflows, rising on-chain accumulation, and stabilizing macro conditions may indicate a renewed build-up phase in the market [3] Group 3: Fund Performance - Fidelity's Wise Origin Bitcoin Fund led the inflows with $132.67 million, bringing its total historical net inflows to $12.74 billion [4] - Bitwise's BITB followed with $7.99 million in inflows, while BlackRock's iShares Bitcoin Trust saw $30.79 million in redemptions [4] - Cumulative inflows into Bitcoin and Ethereum ETFs have now reached $62.55 billion, with daily trading volumes at $6.92 billion, reflecting strong investor activity [5]