US spot Bitcoin ETFs recorded net inflows of $528 million on Wednesday, October 21, according to SoSoValue. This followed $23 million on Tuesday and $526.6 million on Monday, bringing total inflows over the three days to $1.08 billion. The trend lifted October net flows to around $461 million, from outflows of about $615 million as of October 16, and year-to-date inflows to $1.34 billion.
Three Days Reverse Two Weeks of Outflows
These inflows came after two consecutive weeks of withdrawals: $681 million in the week ending October 9 and $228 million in the week ending October 16. According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) led on Wednesday with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Bitcoin briefly rose to an intraday high of $84,777 on Wednesday before falling back to around $82,500, according to CoinGecko.
#ETFs
Three Days Reverse Two Weeks of Outflows
These inflows came after two consecutive weeks of withdrawals: $681 million in the week ending October 9 and $228 million in the week ending October 16. According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) led on Wednesday with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with around $213 million.
Bitcoin briefly rose to an intraday high of $84,777 on Wednesday before falling back to around $82,500, according to CoinGecko.
#ETFs