Add as a preferred source on GoogleUS Bitcoin ETFs Draw $527 Million, Their Best Day Since Sept. 22
BlackRock’s IBIT took in $665.2 million, offsetting withdrawals from Fidelity and Grayscale. October’s net flows remained about $88 million negative.
US spot Bitcoin (BTC) exchange-traded funds took in $526.7 million on Oct. 19, their largest daily net inflow since Sept. 22, though the gain left October’s flows slightly negative.
BlackRock’s iShares Bitcoin Trust (IBIT) drew $665.2 million, more than the net gain across all the funds. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $83.6 million, while Grayscale Bitcoin Trust (GBTC) shed $54.9 million. The other funds recorded no net flows.
The inflow reversed an $82.4 million net withdrawal on Oct. 16. The funds last posted a larger daily gain on Sept. 22, when they took in $714.7 million.
Even after the latest gain, the funds remained about $88 million in negative territory for October. They lost about $229 million last week and $681 million the week before.
US spot Ether (ETH) ETFs moved in the opposite direction on Oct. 19, posting $103.3 million in net outflows. BlackRock’s iShares Ethereum Trust (ETHA) accounted for $95.4 million of those withdrawals.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.