US spot Bitcoin ETFs record $527 million net inflows, led by BlackRock’s IBIT
On October 19, US spot Bitcoin exchange‑traded funds attracted roughly $527 million of net inflows, the largest single‑day intake since September 22. BlackRock’s iShares Bitcoin Trust (IBIT) contributed $665.2 million, while Fidelity’s FBTC and Grayscale’s GBTC posted withdrawals of $83.6 million and $54.9 million respectively. Despite the inflow, the funds remain about $88 million in net outflow for the month of October. Ether‑focused ETFs saw $103.3 million of net outflows, driven by BlackRock’s ETHA.
Why it matters
The inflow reduces the cumulative October net outflow for Bitcoin ETFs from $617.17 million to $90.57 million, improving liquidity for investors holding Bitcoin through ETFs. The continued monthly deficit indicates that overall demand is still modest, which may temper short‑term price support for Bitcoin.
Key facts
- 1US spot Bitcoin ETFs recorded $526.7 million in net inflows on Monday, October 19, the biggest daily intake since September 22. cointelegraph.com
- 2BlackRock’s iShares Bitcoin Trust (IBIT) logged $665.2 million of inflows, exceeding the total net inflow across all funds. cointelegraph.com
- 3Fidelity’s Wise Origin Bitcoin Fund (FBTC) had $83.6 million of withdrawals. cointelegraph.com
- 4Grayscale Bitcoin Trust (GBTC) saw $54.9 million of withdrawals. cointelegraph.com
- 5The funds remain roughly $88 million in net outflow for October. cointelegraph.com
- 6US spot Ether ETFs posted $103.3 million of net outflows, with $95.4 million coming from BlackRock’s ETHA. cointelegraph.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.