US Spot Bitcoin ETFs See $82.41 Million in Net Outflows, With $71.8 Million Exiting BlackRock's IBIT
US spot Bitcoin exchange-traded funds posted net outflows of $82.41 million.Trader T data for Oct. 16 showed $71.8 million leaving BlackRock's IBIT and $10.61 million exiting Fidelity's FBTC. BlackRock accounted for about 87% of the day's total net outflows.The remaining products, including Grayscale's GBTC and mini ETF BTC, Bitwise's BITB and Ark Invest's ARKB, recorded neither net inflows nor net outflows.Cumulative net outflows for the month totaled $614.9 million. Even so, the funds remained in net inflow territory for the year, with cumulative net inflows of $315.5 million.