PiCK
US Spot-Bitcoin ETFs See Second Straight Day of Outflows, With $140 Million in Net Redemptions
Summary
- U.S. spot-Bitcoin ETFs posted outflows for a second straight day, pushing total net redemptions above $770 million.
- On October 23, U.S. spot-Bitcoin ETFs recorded $137.94 million in net outflows, bringing the two-day total to $773.43 million after the previous day's $635.49 million in outflows.
- Heavy withdrawals from BlackRock's IBIT and Fidelity's FBTC continued, while cumulative net inflows for all U.S. spot-Bitcoin ETFs stood at $57.18 billion.
Forecast Trend Report by Period
U.S. spot-Bitcoin exchange-traded funds posted net outflows for a second straight day. Continued withdrawals from BlackRock and Fidelity products pushed total net redemptions over the two-day period above $770 million.
Data from SoSoValue showed that U.S. spot-Bitcoin ETFs recorded net outflows of $137.94 million on October 23. Combined with the previous day's $635.49 million, total net outflows over two days reached $773.43 million.
By product, BlackRock's IBIT saw the largest withdrawals, with $110.34 million leaving the fund. Fidelity's FBTC also posted net outflows of $31.78 million. By contrast, Morgan Stanley's MSBT recorded net inflows of $4.19 million.
Grayscale's GBTC and BTC, Bitwise's BITB, and ARK 21Shares' ARKB each recorded zero net inflows. Cumulative net inflows across all U.S. spot-Bitcoin ETFs stood at about $57.18 billion.
