BlackRock's IBIT Alone Draws Inflows as Bitcoin ETFs Net $527 Million

U.S. spot Bitcoin (BTC) exchange-traded funds attracted about $527 million on Oct. 19, as a $665 million inflow into BlackRock's IBIT outweighed withdrawals from other funds. IBIT was the only fund in the group to record a net inflow that day. Its intake exceeded the combined total for the funds, because withdrawals elsewhere offset part of its gain. The split shows that the day's positive result was concentrated in one product. Fidelity's FBTC recorded the largest single-fund outflow, at $83.63 million. Its cumulative net inflows stood at $10.371 billion after the session, while IBIT's cumulative net inflows reached $66.233 billion.

Source: TokenPost