U.S. Spot Bitcoin ETFs Add $526.6 Million, Biggest Daily Inflow in About a Month
Summary
- U.S. spot Bitcoin ETFs posted $526.6 million in net inflows, the highest level in about a month.
- Inflows were concentrated in BlackRock's iShares Bitcoin Trust (IBIT), which drew $665.2 million, fully offsetting last week's $228.5 million in net outflows.
- On a cumulative basis this month, the funds are still showing about $90.5 million in net outflows, while spot Ethereum (ETH) ETFs extended their net outflow streak to four straight trading days after losing $103.3 million.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds posted net inflows of $526.6 million in a single day, marking their largest daily intake in about a month.
CoinDesk reported on October 20 that U.S. spot Bitcoin ETFs recorded total net inflows of $526.6 million the previous day. It was the biggest daily inflow since $714.7 million entered the funds on September 22.
The inflows were concentrated in BlackRock's iShares Bitcoin Trust (IBIT), which drew $665.2 million in net inflows in one day. That was IBIT's largest daily inflow since October 7 last year.
By contrast, Fidelity's FBTC saw $83.6 million in net outflows, while Grayscale's GBTC posted net outflows of $54.9 million. The remaining spot Bitcoin ETFs recorded no net flows.
The latest inflows fully offset last week's $228.5 million in net outflows. Even so, the funds are still showing cumulative net outflows of about $90.5 million for this month.
Spot Ethereum ETFs moved in the opposite direction. They posted $103.3 million in net outflows the previous day, extending their streak of net outflows to four straight trading sessions. BlackRock's ETHA alone accounted for $95.4 million of that total.
