BlackRock’s Bitcoin ETF Leads $526.6 Million Fund Inflow
U.S. spot bitcoin funds posted their largest daily net inflow in nearly a month, despite withdrawals from two major funds.
Key takeaways
- U.S. spot bitcoin ETFs added $526.6 million on Monday, their biggest daily inflow in nearly a month.
- BlackRock’s IBIT gained $665.2 million, while ether funds lost $103.3 million.
U.S. spot bitcoin ETFs attracted $526.6 million on Monday, their largest daily net inflow in nearly a month. BlackRock’s iShares Bitcoin Trust (IBIT) led with $665.2 million, according to SoSoValue data.
The overall inflow came despite withdrawals from Fidelity’s FBTC, which lost $83.6 million, and Grayscale’s GBTC, which shed $54.9 million. Other bitcoin funds recorded no net flows.
CoinDesk calculations using SoSoValue figures showed Monday’s inflow more than offset $228.5 million in withdrawals the previous week. The funds remained about $90.5 million in the red for October.
Ether funds moved the other way, with $103.3 million in outflows for a fourth straight session. BlackRock’s ETHA accounted for $95.4 million of those withdrawals, SoSoValue data showed.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
