Tech Results Lift Markets as Bitcoin Funds Attract Fresh Capital
Technology company results helped equities recover after last week's decline, with SpaceX and Super Micro posting strong moves. U.S. spot Bitcoin ETFs recorded about $23.2 million in net inflows on October 20, led by BlackRock's IBIT, while Ethereum ETFs saw net outflows. Bitcoin traded near $83,110 and Ethereum near $2,425 as investors weighed energy prices and Fed policy.
On October 20, U.S. spot Bitcoin funds took in roughly $23.2 million net, a second straight positive session. BlackRock’s IBIT added $29.9 million and Fidelity’s FBTC $3.6 million, while Bitwise’s BITB lost $10.3 million. Month-to-date flows remain negative at $65.1 million, though 2026 cumulative inflows total $865.3 million.
Ethereum funds moved the other way, losing $26.1 million net. BlackRock’s ETHA shed $33 million; Fidelity’s FETH and Grayscale’s Ethereum Mini Trust gained $3.6 million and $3.3 million. Bitcoin traded near $83,110 and Ethereum near $2,425 as tech earnings, oil above $110 and Fed rate expectations shaped sentiment.
The mixed ETF flows could shape how retail and institutional investors view crypto's stability, potentially affecting portfolios that include digital-asset funds. Because energy costs and Fed policy also influence sentiment, households and businesses may feel indirect effects through borrowing costs and prices. Clearer fund-flow data may help savers and advisers assess risk, though daily moves alone may not predict longer-term outcomes.