Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $137.94 million in net outflows on Oct. 23, the second consecutive day of withdrawals, according to SoSoValue data.
- • Combined with the prior day's $635.49 million in outflows, total net withdrawals over the two sessions reached $773.43 million.
- • BlackRock's IBIT posted the largest single-fund outflow at $110.34 million, while Fidelity's FBTC lost $31.78 million.
- • Morgan Stanley's MSBT was the only product in the cited data to record net inflows, at $4.19 million.
- • Cumulative net inflows across all U.S. spot Bitcoin ETFs stood at about $57.18 billion.
Summary
U.S. spot Bitcoin exchange-traded funds logged a second straight day of outflows, with continued withdrawals from BlackRock and Fidelity products pushing net outflows over the two-day period above $770 million, according to data from SoSoValue as reported by bloomingbit.
U.S. spot Bitcoin ETFs recorded net outflows of $137.94 million on October 23. This followed the previous day's net outflows of $635.49 million, bringing the combined two-session total to $773.43 million.
By product, BlackRock's iShares Bitcoin Trust (IBIT) posted the largest outflow at $110.34 million. Fidelity's FBTC saw $31.78 million leave the fund. Morgan Stanley's MSBT, by contrast, recorded net inflows of $4.19 million. Grayscale's GBTC and BTC, Bitwise's BITB, and ARK 21Shares' ARKB each posted zero net inflows over the session.
Despite the recent withdrawals, cumulative net inflows across all U.S. spot Bitcoin ETFs remained at about $57.18 billion, indicating that the two-day outflows are small relative to the products' aggregate asset accumulation since launch.
U.S. spot Bitcoin ETFs recorded net outflows of $137.94 million on October 23. This followed the previous day's net outflows of $635.49 million, bringing the combined two-session total to $773.43 million.
By product, BlackRock's iShares Bitcoin Trust (IBIT) posted the largest outflow at $110.34 million. Fidelity's FBTC saw $31.78 million leave the fund. Morgan Stanley's MSBT, by contrast, recorded net inflows of $4.19 million. Grayscale's GBTC and BTC, Bitwise's BITB, and ARK 21Shares' ARKB each posted zero net inflows over the session.
Despite the recent withdrawals, cumulative net inflows across all U.S. spot Bitcoin ETFs remained at about $57.18 billion, indicating that the two-day outflows are small relative to the products' aggregate asset accumulation since launch.
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