PiCK
US Spot-Bitcoin ETFs See $82.41 Million in Net Outflows, With $71.8 Million Exiting BlackRock
Summary
- US spot Bitcoin (BTC) exchange-traded funds (ETFs) posted net outflows of $82.41 million.
- BlackRock's IBIT lost $71.8 million and Fidelity's FBTC saw $10.61 million in outflows, leaving BlackRock responsible for about 87% of the total net outflows.
- Month-to-date net outflows reached $614.9 million, though the funds still held cumulative net inflows of $315.5 million for the year.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds posted net outflows of $82.41 million.
Trader T data for Oct. 16 showed $71.8 million leaving BlackRock's IBIT and $10.61 million exiting Fidelity's FBTC. BlackRock accounted for about 87% of the day's total net outflows.
The remaining products, including Grayscale's GBTC and mini ETF BTC, Bitwise's BITB and Ark Invest's ARKB, recorded no net inflows or outflows.
Month-to-date net outflows totaled $614.9 million. Even so, the funds remained in positive territory for the year, with cumulative net inflows of $315.5 million.
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