Spot Bitcoin ETFs See $487 Million in Total Net Outflows Yesterday, Led by $208 Million Outflow from BlackRock’s IBIT

Odaily Planet Daily reports: According to SoSoValue data, spot Bitcoin ETFs saw total net outflows of $487 million yesterday (October 7, U.S. time).
BlackRock’s IBIT had the largest net outflow among spot Bitcoin ETFs yesterday, with $208 million flowing out. Its cumulative historical net inflows currently stand at $65.717 billion.
Fidelity’s FBTC followed, with daily net outflows of $105 million. Its cumulative historical net inflows currently stand at $10.716 billion.
As of publication, spot Bitcoin ETFs had total net assets of $107.401 billion. The ETF net asset ratio (market value as a share of Bitcoin’s total market capitalization) stood at 6.41%, while cumulative historical net inflows reached $57.330 billion.