Bitcoin ETF · Bitcoin · Ethereum · The Block
Bitcoin ETFs draw $528 million as ether funds snap five-day outflow streak
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U.S. spot bitcoin Bitcoin (BTC) exchange-traded funds saw inflows totaling $528.4 million on Wednesday, with funds managed by BlackRock and Fidelity accounting for the lion's share of the total, according to data compiled by The Block.
Key facts
- Since their inception in January 2024, the funds have seen around $58 billion in cumulative net inflows, with net assets totaling $109.3 billion, per SoSoValue
- BlackRock's IBIT led the day with $235 million in net inflows, followed by the Fidelity's FBTC at $212.7 million
- Bitcoin traded above $81,900 early Thursday, down 1.5% over 24 hours, 's BTC price page
- Separately, Glassnode said bitcoin's Oct. 15 drop to about $80,000 drew buyers near the cost bases of spot ETF holdings and corporate treasuries
Summary
BlackRock's IBIT led the day with $235 million in net inflows, followed by the Fidelity's FBTC at $212.7 million. Since their inception in January 2024, the funds have seen around $58 billion in cumulative net inflows, with net assets totaling $109.3 billion, per SoSoValue. Notably, the spot bitcoin ETFs have attracted over $1 billion in three sessions this week despite the asset remaining in a prolonged period of subdued trading. Separately, Glassnode said bitcoin's Oct. 15 drop to about $80,000 drew buyers near the cost bases of spot ETF holdings and corporate treasuries.