U.S. spot Bitcoin ETFs see $487M outflows on Oct 7, led by BlackRock's IBIT.
On October 7, U.S. spot Bitcoin ETFs experienced a combined net outflow of $487 million, with BlackRock's IBIT fund accounting for the largest share at $208 million. Fidelity's FBTC followed with $105 million in net outflows. Despite these withdrawals, IBIT's total net inflows remain strong at $65.717 billion, and FBTC has accumulated $10.716 billion. The group of U.S. spot Bitcoin ETFs held $107.401 billion in net assets, representing 6.41% of Bitcoin's total market capitalization. The outflows on October 7 reduced the cumulative net inflows across these funds to $57.330 billion, indicating ongoing investor activity and interest in Bitcoin ETFs.
On October 7, U.S. spot Bitcoin ETFs experienced a combined net outflow of $487 million, with BlackRock's IBIT fund accounting for the largest share at $208 million. Fidelity's FBTC followed with $105 million in net outflows. Despite these withdrawals, IBIT's total net inflows remain strong at $65.717 billion, and FBTC has accumulated $10.716 billion. The group of U.S. spot Bitcoin ETFs held $107.401 billion in net assets, representing 6.41% of Bitcoin's total market capitalization. The outflows on October 7 reduced the cumulative net inflows across these funds to $57.330 billion, indicating ongoing investor activity and interest in Bitcoin ETFs.
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