Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock
Fidelity's FBTC and Grayscale's GBTC saw outflows of $83.6 million and $54.9 million, respectively.
- U.S. spot bitcoin ETFs added $526.6 million on Monday, led entirely by BlackRock’s IBIT net inflow of $665.2 million.
- Fidelity's FBTC and Grayscale's GBTC saw outflows of $83.6 million and $54.9 million, respectively.
- Ether funds dropped $103.3 million, marking a fourth consecutive session of outflows.
U.S. spot bitcoin exchange-traded funds attracted $526.6 million on Monday, the largest daily net inflow in nearly a month, driven entirely by BlackRock’s iShares Bitcoin Trust (IBIT).
IBIT pulled in $665.2 million, its biggest daily inflow since Oct. 7 last year, according to SoSoValue data. Combined, the bitcoin funds last drew more on Sept. 22, when they added $714.7 million.
Fidelity’s FBTC lost $83.6 million, while Grayscale’s GBTC shed $54.9 million in Monday’s trading session, while the remaining funds recorded no net flows, underscoring how concentrated buying was.
The inflow more than erased last week’s $228.5 million of withdrawals, though the funds remain about $90.5 million in the red for October, according to CoinDesk calculations using SoSoValue’s figures.
Ether funds moved in the opposite direction, losing $103.3 million in their fourth consecutive session of outflows. BlackRock’s ETHA accounted for $95.4 million of the withdrawals, according to SoSoValue.
ETFsBlackRock
Latest Crypto News - 1Tether: Senator's investigation misses positive work that's led to lower Iran volumes12 hours ago
- 2U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures15 hours ago
- 3Zerohash rolls out a new tool to move crypto without copying wallet addresses17 hours ago
- 4Cardano founder Charles Hoskinson is building a new programming language for the network20 hours ago
- 5Strategy's price chart is about to flash a major bullish signal weeks after bitcoin did21 hours ago
- 6Live updates: Bitcoin holds near $82,000 as Nasdaq rebounds more than 1%21 hours ago
- 7Bitcoin extends bounce above $82,000 as stocks rebound, DeFi tokens lead altcoin gains21 hours ago
- 8JPMorgan brings JPM Coin, representing dollar deposits, to Ethereum22 hours ago
- 9Crypto vault deposits top $10 billion as lending risks draw regulatory scrutiny22 hours ago
- 10Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s23 hours ago
Latest Research Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
View Full ReportMore From Finance