PiCK
U.S. Spot Bitcoin ETFs Post Second Straight Day of Outflows, With $137.94 Million Withdrawn
Summary
- U.S. spot Bitcoin ETFs saw funds leave for a second straight day, pushing total net outflows above $770 million.
- U.S. spot Bitcoin ETFs recorded $137.94 million in net outflows on Oct. 23, bringing total net outflows over the two days to $773.43 million.
- Large withdrawals from BlackRock's IBIT and Fidelity's FBTC contrasted with cumulative net inflows of about $57.18 billion across all U.S. spot Bitcoin ETFs.
Forecast Trend Report by Period
U.S. spot Bitcoin exchange-traded funds logged a second straight day of outflows. Continued withdrawals from BlackRock and Fidelity products pushed total net outflows over the two-day period above $770 million.
U.S. spot Bitcoin ETFs recorded net outflows of $137.94 million on Oct. 23, according to data from SoSoValue. Combined with the previous day's $635.49 million in net outflows, total withdrawals over the two sessions reached $773.43 million.
By product, BlackRock's IBIT posted the largest outflow at $110.34 million. Fidelity's FBTC also saw $31.78 million leave the fund. Morgan Stanley's MSBT, meanwhile, recorded net inflows of $4.19 million.
Grayscale's GBTC and BTC, Bitwise's BITB, and Ark 21Shares' ARKB each posted zero net inflows. Cumulative net inflows across all U.S. spot Bitcoin ETFs stood at about $57.18 billion.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀