PiCK
US Spot Bitcoin ETFs See $65.4 Million Outflow, Reversing to Net Red After One Day
Suehyeon Lee
Summary
- US spot Bitcoin ETFs turned back to net outflows after posting net inflows in the previous trading session.
- BlackRock's IBIT alone recorded $65.4 million in outflows, while the other products saw no net flows.
- US spot Bitcoin ETFs have posted $451.8 million in cumulative net outflows this month and $478.6 million in cumulative net inflows this year.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds swung back to net outflows after just one day.
Trader T data on October 13 showed total net outflows of $65.4 million from US spot Bitcoin ETFs in the previous session, reversing course a day after they posted net inflows.
The day's outflow came entirely from BlackRock's IBIT. The fund lost $65.4 million, matching the category's total net outflow. The remaining products posted no net flows.
US spot Bitcoin ETFs have continued to see money leave this month, recording cumulative net outflows of more than $400 million. Total net outflows for the month reached $451.8 million, while cumulative net inflows for the year stood at $478.6 million.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.