U.S. Spot Bitcoin ETFs Post $21.13 Million of Net Inflows
U.S. spot Bitcoin exchange-traded funds posted more than $20 million of net inflows, as money flowing into BlackRock and VanEck products offset outflows from Fidelity.SoSoValue data for October 9 showed total net inflows of $21.13 million into U.S. spot Bitcoin ETFs. BlackRock’s IBIT led the inflows with $22.38 million, while VanEck’s HODL added $2.33 million.Fidelity’s FBTC, by contrast, posted net outflows of $3.58 million. Grayscale’s GBTC and BTC, Bitwise’s BITB and Ark 21Shares’ ARKB recorded no net inflows or outflows.As of October 9, cumulative net inflows into U.S. spot Bitcoin ETFs stood at $57.11 billion. BlackRock’s IBIT had the largest net assets among the products at $66.3 billion.