U.S. Spot Bitcoin ETFs Draw $526.6 Million, Most in About a Month
Summary
- U.S. spot Bitcoin ETFs recorded $526.6 million in net inflows in a single day, the largest amount in about a month.
- Inflows were concentrated in BlackRock's iShares Bitcoin Trust (IBIT), which drew $665.2 million in net inflows in one day, marking its largest daily inflow since Oct. 7 of last year.
- The latest inflows erased last week's $228.5 million in net outflows, but the monthly tally still shows about $90.5 million in net outflows, while spot Ethereum ETFs posted $103.3 million in net outflows for a fourth straight trading session.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds recorded $526.6 million in net inflows in a single day, the largest total in about a month.
CoinDesk reported on Oct. 20 that U.S. spot Bitcoin ETFs posted total net inflows of $526.6 million the previous day. It was the biggest daily inflow since Sept. 22, when the funds attracted $714.7 million.
Most of the inflows went to BlackRock's iShares Bitcoin Trust (IBIT), which took in $665.2 million in a single day. That was IBIT's largest daily inflow since Oct. 7 of last year.
Fidelity's FBTC posted $83.6 million in net outflows, while Grayscale's GBTC saw net outflows of $54.9 million. The remaining spot Bitcoin ETFs recorded no net flows.
The latest inflows fully offset last week's $228.5 million in net outflows. Even so, the funds are still showing cumulative net outflows of about $90.5 million for the month.
Spot Ethereum ETFs moved in the opposite direction, with $103.3 million in outflows the previous day, extending net outflows to a fourth straight trading session. BlackRock's ETHA alone accounted for $95.4 million of those outflows.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.