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PiCK

US Bitcoin ETFs Post $82.9 Million Weekly Net Inflow, Led by BlackRock

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Summary

  • U.S. Bitcoin ETFs posted net inflows of $82.9 million this week.
  • BlackRock's IBIT led the inflow trend, absorbing $292 million.
  • By contrast, Fidelity's FBTC and Grayscale's GBTC posted net outflows of $167.9 million and $54.6 million, respectively.

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Photo: Shutterstock
Photo: Shutterstock

US spot Bitcoin exchange-traded funds drew $82.9 million in net inflows this week.

Farside Investors data published on October 4 showed U.S. Bitcoin ETFs recorded net inflows of $82.9 million for the week.

BlackRock's IBIT led the inflows, taking in $292 million. Ark Invest and 21Shares' ARKB posted net inflows of $25.5 million, while Grayscale Bitcoin Mini Trust BTC drew $24.9 million.

Fidelity's FBTC, by contrast, saw $167.9 million in net outflows. Grayscale's GBTC also posted net outflows of $54.6 million.

#Crypto ETF

gilson@bloomingbit.ioHello, I'm a reporter at bloomingbit

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