PiCK
US Spot-Bitcoin ETFs See $484.9 Million in Net Outflows in a Day, Most Since June 25
Summary
- US spot-Bitcoin ETFs saw $484.9 million in net outflows in a single day, the largest since June 25.
- Major funds including BlackRock’s IBIT, Fidelity’s FBTC, Ark Invest’s ARKB, Grayscale’s GBTC, Bitwise’s BITB and VanEck’s HODL all posted net outflows.
- The outflows came as Bitcoin fell to about $83,000, marking a third straight trading day of losses and its lowest daily close in 17 days.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds recorded about $484.9 million in net outflows in a single day, the largest amount since June 25.
According to Trader T data on Oct. 7, total net outflows from US spot-Bitcoin ETFs came to $484.9 million.
BlackRock’s IBIT posted the largest net outflow, with $207.7 million withdrawn. Fidelity’s FBTC saw $105.1 million in net outflows, followed by Ark Invest’s ARKB at $101.7 million, Grayscale’s GBTC at $39.3 million, Bitwise’s BITB at $27.6 million and VanEck’s HODL at $3.5 million.
By contrast, Grayscale Mini BTC, Morgan Stanley’s MSBT, Valkyrie’s BRRR, Franklin Templeton’s EZBC, Invesco’s BTCO and WisdomTree’s BTCW recorded no net inflows or outflows.
The outflows came as Bitcoin fell to about $83,000, marking its lowest daily close in 17 days. Bitcoin also extended its decline to a third straight trading session.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE