U.S. spot Bitcoin ETFs recorded more than $1.07 billion in combined net inflows across three trading sessions from October 19 to October 21. During the same period, a wallet linked to convicted Irish drug trafficker Clifton Collins transferred another 500 BTC, worth around $41 million, to a Coinbase Prime deposit address.
The strong ETF inflows indicate renewed interest in Bitcoin investment products among institutional investors. Meanwhile, the latest transaction has intensified speculation about the status of Collins’ long-dormant Bitcoin holdings and how access to the funds was apparently restored.
Bitcoin ETFs Attract $1.07 Billion in Three Trading Sessions
U.S. spot Bitcoin ETFs received $526.7 million in net inflows on Monday, October 19, followed by $23.2 million on Tuesday and $524.8 million on Wednesday. Combined, the funds attracted approximately $1.0747 billion over the three sessions.
BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC were among the leading contributors to Wednesday’s inflows, bringing in $235 million and $212.7 million, respectively. Grayscale’s GBTC recorded $32.6 million in inflows, while Bitwise’s BITB added $19.2 million.
Other funds also finished the session in positive territory. ARKB attracted $9.8 million, EZBC received $7.3 million, and the fund listed as BTC recorded $8.2 million.
Tuesday’s results were considerably more subdued. IBIT collected $29.9 million, while FBTC added $3.6 million. However, BITB experienced $10.3 million in outflows, limiting total net inflows across the market to $23.2 million.
Monday’s $526.7 million total was largely driven by $665.2 million entering IBIT. The overall figure was reduced by $54.9 million in GBTC outflows and $83.6 million withdrawn from FBTC.
The latest figures suggest that demand for regulated Bitcoin investment products has strengthened. Whether the momentum continues will depend on upcoming trading sessions and whether investors maintain their exposure to these funds.
Collins-Linked Bitcoin Wallet Sends Another $41 Million to Coinbase Prime
A cryptocurrency wallet linked to Clifton Collins by blockchain analytics firm Arkham Intelligence transferred another 500 BTC, worth approximately $41 million, to Coinbase Prime on October 20.
The transaction was reportedly the fifth transfer of 500 BTC from Collins-associated holdings during 2026, extending a series of movements involving a Bitcoin fortune that had long been believed to be inaccessible.
Reports indicate that Collins accumulated around 6,000 BTC in 2011 and 2012 using proceeds from drug trafficking. Following his arrest in 2017, printed copies of his wallet keys were reportedly discarded by his landlord, leading to the belief that the Bitcoin could no longer be recovered.
The recent transactions have raised questions about who currently controls the assets and how access to the wallets was restored. Arkham’s tracking indicates that approximately 2,500 BTC linked to Collins’ holdings have moved during 2026, leaving an estimated 3,500 BTC in associated wallets.
The transfers have also coincided with Bitcoin seizures announced by Ireland’s Criminal Assets Bureau (CAB), which has reported confiscating Bitcoin connected to Collins during the year.
The remaining holdings continue to attract attention. Further blockchain activity or official statements from Irish authorities and Coinbase could help establish whether the funds are under government control, being held in custody, or moving for another purpose.
Institutional Bitcoin Demand Strengthens as Dormant BTC Moves
The $1.07 billion in three-day net inflows provides a fresh indication of investor demand for U.S. spot Bitcoin ETFs. At the same time, the latest $41 million transfer highlights the continued movement of Bitcoin associated with a fortune once thought to be lost.
These developments reflect two different sides of the Bitcoin market. ETF inflows demonstrate renewed participation through regulated investment products, while the Collins-linked transactions raise questions about the recovery, ownership, and potential circulation of long-dormant cryptocurrency holdings.
