Key Takeaways
- • US spot Bitcoin ETFs recorded daily net outflows of $635.49 million on Oct. 22, according to SoSoValue data.
- • BlackRock's IBIT posted the largest outflow at $254.05 million, and Fidelity's FBTC lost $217.46 million; the two funds together accounted for about 74% of the total.
- • ARKB (ARK Invest and 21Shares) saw $109.43 million in outflows, while GBTC lost $29.53 million and BITB lost $27.35 million.
- • Morgan Stanley's MSBT was the only fund with net inflows, at $2.33 million; the remaining six products recorded no net flows.
- • Cumulative net inflows into US spot Bitcoin ETFs stood at $57.32 billion as of that day, with IBIT at $66.24 billion cumulative and GBTC at cumulative net outflows of $28 billion.
Summary
US spot Bitcoin exchange-traded funds experienced more than $600 million in net outflows in a single trading day, with BlackRock and Fidelity products accounting for the bulk of the withdrawals, according to data from SoSoValue cited by bloomingbit.
SoSoValue data for Oct. 22 showed total daily net outflows of $635.49 million across the category. BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest single-fund outflow at $254.05 million, followed by Fidelity's FBTC at $217.46 million. Combined, the two products made up roughly 74% of the day's net outflows.
ARK Invest and 21Shares' ARKB recorded $109.43 million in outflows. Grayscale's GBTC and Bitwise's BITB also posted net outflows of $29.53 million and $27.35 million, respectively.
Morgan Stanley's MSBT was the only product to record net inflows, taking in $2.33 million. The remaining six funds, including Grayscale Bitcoin Mini Trust (BTC) and VanEck's HODL, reported no net flows that day.
Despite the single-day outflows, cumulative net inflows into US spot Bitcoin ETFs stood at $57.32 billion as of Oct. 22. IBIT has attracted cumulative net inflows of $66.24 billion, while GBTC's cumulative net outflows have reached $28 billion.
SoSoValue data for Oct. 22 showed total daily net outflows of $635.49 million across the category. BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest single-fund outflow at $254.05 million, followed by Fidelity's FBTC at $217.46 million. Combined, the two products made up roughly 74% of the day's net outflows.
ARK Invest and 21Shares' ARKB recorded $109.43 million in outflows. Grayscale's GBTC and Bitwise's BITB also posted net outflows of $29.53 million and $27.35 million, respectively.
Morgan Stanley's MSBT was the only product to record net inflows, taking in $2.33 million. The remaining six funds, including Grayscale Bitcoin Mini Trust (BTC) and VanEck's HODL, reported no net flows that day.
Despite the single-day outflows, cumulative net inflows into US spot Bitcoin ETFs stood at $57.32 billion as of Oct. 22. IBIT has attracted cumulative net inflows of $66.24 billion, while GBTC's cumulative net outflows have reached $28 billion.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.