Key Takeaways
- • US spot Bitcoin ETFs recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month, according to Farside Investors.
- • BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $665.2 million, more than the net total across all funds.
- • Fidelity's Wise Origin Bitcoin Fund (FBTC) saw $83.6 million in withdrawals and Grayscale Bitcoin Trust (GBTC) $54.9 million.
- • Spot Bitcoin ETFs remain about $88 million in net outflows for October despite Monday's rebound, following two consecutive weekly withdrawals.
- • US spot Ether ETFs recorded $103.3 million in net outflows on Monday, extending a third consecutive week of withdrawals.
Summary
US spot Bitcoin exchange-traded funds attracted $526.7 million in net inflows on Monday, the largest single-day intake in nearly a month and the strongest since Sept. 22, when the funds drew $714.7 million, according to Farside Investors. The inflows reversed Friday's $82.4 million in net outflows and followed two straight weeks of net weekly withdrawals, with the funds shedding about $229 million last week after losing $681 million the week before.
BlackRock's iShares Bitcoin Trust (IBIT) led the day's activity with $665.2 million in inflows, which exceeded the net total across all funds. The gains were partly offset by $83.6 million in outflows from Fidelity's Wise Origin Bitcoin Fund (FBTC) and $54.9 million from Grayscale Bitcoin Trust (GBTC). Farside reported no net flows for the other funds.
Despite Monday's rebound, US spot Bitcoin ETFs remain roughly $88 million in negative territory for October based on Farside's daily figures. The funds had also recorded $483.9 million in outflows on Oct. 7, their largest daily withdrawal since June.
In ether products, US spot Ether ETFs recorded $103.3 million in net outflows on Monday, led by $95.4 million in withdrawals from BlackRock's iShares Ethereum Trust (ETHA). Ether funds lost about $320 million last week, marking their third consecutive week of net withdrawals.
BlackRock's iShares Bitcoin Trust (IBIT) led the day's activity with $665.2 million in inflows, which exceeded the net total across all funds. The gains were partly offset by $83.6 million in outflows from Fidelity's Wise Origin Bitcoin Fund (FBTC) and $54.9 million from Grayscale Bitcoin Trust (GBTC). Farside reported no net flows for the other funds.
Despite Monday's rebound, US spot Bitcoin ETFs remain roughly $88 million in negative territory for October based on Farside's daily figures. The funds had also recorded $483.9 million in outflows on Oct. 7, their largest daily withdrawal since June.
In ether products, US spot Ether ETFs recorded $103.3 million in net outflows on Monday, led by $95.4 million in withdrawals from BlackRock's iShares Ethereum Trust (ETHA). Ether funds lost about $320 million last week, marking their third consecutive week of net withdrawals.
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