Summary
- More than $260 million flowed out of US spot Bitcoin ETFs in a single day.
- Fidelity's FBTC posted $152.73 million in net outflows, while BlackRock's IBIT recorded $110.94 million in net outflows.
- Bitwise's BITB posted net inflows of $2.22 million, while the remaining products recorded no net inflows or outflows.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds saw more than $260 million in net outflows in a single day, led by heavy withdrawals from Fidelity and BlackRock products.
Data from SoSoValue showed combined net outflows from US spot Bitcoin ETFs totaled $261.46 million on October 14.
Fidelity's FBTC posted the largest net outflow at $152.73 million. BlackRock's IBIT also recorded $110.94 million in net outflows. The two funds together accounted for $263.67 million in net outflows.
By contrast, Bitwise's BITB posted net inflows of $2.22 million, partially offsetting the broader withdrawals. The remaining products, including Grayscale's GBTC and BTC and Ark 21Shares' ARKB, recorded no net inflows or outflows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀