Bitcoin spot ETFs recorded net outflows for the week. According to SoSoValue data, during the trading week of October 12–16 (Eastern Time), Bitcoin spot ETFs saw total net outflows of $229 million. BlackRock’s IBIT led with weekly net outflows of $165 million, while its historical cumulative net inflows currently stand at $65.570 billion. Fidelity’s FBTC followed, with weekly net outflows of $60,279,700 and historical cumulative net inflows of $10.450 billion. In contrast, Morgan Stanley’s MSBT had the largest weekly net inflows among ETFs, at $6,669,900, bringing its historical cumulative net inflows to $769 million. As of publication, Bitcoin spot ETFs had total net assets of $104.290 billion, equal to 6.35% of Bitcoin’s total market capitalization (the ETF net asset ratio), and cumulative historical net inflows had reached $56.880 billion.
$BTC #ETF #Cryptocurrency
$BTC #ETF #Cryptocurrency