Spot Bitcoin ETFs Post $75M Net Inflow as BlackRock’s IBIT Sees $201M Outflow
Photo: TheCoinrise
Other issuers offset BlackRock's redemptions as Bitcoin and Ether funds attract fresh capital following the midterm elections. Spot Bitcoin exchange-traded funds posted net inflows on the day, even as the largest fund in the category recorded a sizable outflow. CryptoBriefing reported that the category drew roughly $75 million in net new money, while BlackRock's IBIT fund alone shed $201 million. That combination suggests other issuers in the spot Bitcoin ETF market absorbed more than enough new capital to offset IBIT's redemptions.
Source: TheCoinrise
