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PiCK

US Spot-Bitcoin ETFs Draw $526.64 Million of Net Inflows, Led by BlackRock

Source
Suehyeon Lee

Forecast Trend Report by Period

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Photo: Trader T
Photo: Trader T

U.S. spot-Bitcoin exchange-traded funds recorded more than $526 million in net inflows in a single day, signaling a rebound in investor demand.

According to Trader T on October 20, the 12 U.S. spot-Bitcoin ETFs posted combined net inflows of $526.64 million the previous day.

BlackRock's IBIT led the gains, attracting $665.2 million, more than the group's total net inflow.

Some issuers, however, saw money leave their funds. Fidelity's FBTC posted net outflows of $83.63 million, while Grayscale's GBTC recorded net outflows of $54.93 million. The remaining products saw no net inflows or outflows.

#Spot ETF
#Bitcoin ETF
#ETF
Suehyeon Lee

Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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