On October 9, 2025, $BTC and $ETH spot ETFs reached their highest total inflows ever, with BTC at $62.73B and ETH at $15.1B. It looked like institutions were fully committed.

Then the next day, the market crashed. Around $19B was liquidated across crypto in just 24 hours, a brutal reset that shook leveraged positions out of the system.

Since that peak, institutional momentum has cooled. Bitcoin ETF inflows have fallen about 13% to $54.67B, while Ethereum has dropped even more, down 25% to $11.39B. #October