PiCK
US Spot Bitcoin ETFs See $74.61 Million in Net Inflows as Fidelity Offsets BlackRock Outflows
Summary
- US spot Bitcoin ETFs recorded net inflows of $74.61 million.
- Fidelity's FBTC drew $236.72 million, offsetting $201.20 million in net outflows from BlackRock's IBIT.
- Over the past five trading sessions, the funds have posted $1.07 billion in net outflows, the largest such outflow since July 1.
Forecast Trend Report by Period
US spot Bitcoin exchange-traded funds recorded net inflows of $74.61 million, with inflows into Fidelity offsetting a large net outflow from BlackRock.
According to a post by Trader T on X on November 4, Fidelity's FBTC posted net inflows of $236.72 million for the day. BlackRock's IBIT, by contrast, saw net outflows of $201.20 million.
ARK Invest's ARKB and Bitwise's BITB drew $19.90 million and $15.21 million, respectively. Invesco's BTCO also recorded net inflows of $3.98 million. The remaining products saw no net inflows or outflows.
Over the past five trading sessions, however, the group logged cumulative net outflows of $1.07 billion. Trader T wrote that this marked the largest five-session net outflow since July 1.
YM Lee
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