Spot Bitcoin ETFs see $244M net outflows on Oct 8, led by Fidelity's FBTC with $197M outflow.
On October 8, spot Bitcoin ETFs experienced combined net redemptions totaling $244 million, with Fidelity's FBTC fund accounting for the largest outflow of $197 million. Despite this daily decline, FBTC's cumulative net inflows remain strong at $10.519 billion. Meanwhile, Franklin's Bitcoin ETF, EZBC, was the only fund to report an inflow, adding $4.71 million and bringing its cumulative net inflows to $330 million. The total net asset value of these ETFs stands at $104.914 billion, representing 6.38% of Bitcoin's total market value, with cumulative net inflows across all funds reaching $57.086 billion as of the latest data.
On October 8, spot Bitcoin ETFs experienced combined net redemptions totaling $244 million, with Fidelity's FBTC fund accounting for the largest outflow of $197 million. Despite this daily decline, FBTC's cumulative net inflows remain strong at $10.519 billion. Meanwhile, Franklin's Bitcoin ETF, EZBC, was the only fund to report an inflow, adding $4.71 million and bringing its cumulative net inflows to $330 million. The total net asset value of these ETFs stands at $104.914 billion, representing 6.38% of Bitcoin's total market value, with cumulative net inflows across all funds reaching $57.086 billion as of the latest data.
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