PiCK
US Spot Bitcoin ETFs See $82.41 Million in Net Outflows, With $71.8 Million Exiting BlackRock's IBIT
YM Lee
Summary
- US spot Bitcoin ETFs recorded net outflows of $82.41 million.
- BlackRock's IBIT saw $71.8 million in outflows and Fidelity's FBTC lost $10.61 million, with BlackRock accounting for about 87% of total net outflows.
- Cumulative net outflows for the month reached $614.9 million, though the funds still maintained cumulative net inflows of $315.5 million for the year.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds posted net outflows of $82.41 million.
Trader T data for Oct. 16 showed $71.8 million leaving BlackRock's IBIT and $10.61 million exiting Fidelity's FBTC. BlackRock accounted for about 87% of the day's total net outflows.
The remaining products, including Grayscale's GBTC and mini ETF BTC, Bitwise's BITB and Ark Invest's ARKB, recorded neither net inflows nor net outflows.
Cumulative net outflows for the month totaled $614.9 million. Even so, the funds remained in net inflow territory for the year, with cumulative net inflows of $315.5 million.
YM Lee
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