Spot Bitcoin ETFs see $203M net outflow in a week, led by Fidelity's FBTC and offset by BlackRock's IBIT inflows
Spot Bitcoin ETFs experienced a combined net outflow of $203 million for the week ending October 30. Fidelity's FBTC fund recorded the largest outflow at $166 million, followed by Ark & 21 Shares' ARKB with $130 million outflow. Meanwhile, BlackRock's IBIT led inflows with $177 million, but it wasn't enough to offset the overall outflows. Despite this weekly dip, cumulative net inflows across all spot Bitcoin ETFs remain strong at nearly $57 billion, with total net assets at $98.14 billion as of November 1.
Spot Bitcoin ETFs experienced a combined net outflow of $203 million for the week ending October 30. Fidelity's FBTC fund recorded the largest outflow at $166 million, followed by Ark & 21 Shares' ARKB with $130 million outflow. Meanwhile, BlackRock's IBIT led inflows with $177 million, but it wasn't enough to offset the overall outflows. Despite this weekly dip, cumulative net inflows across all spot Bitcoin ETFs remain strong at nearly $57 billion, with total net assets at $98.14 billion as of November 1.
What's Your Reaction?
