U.S. Spot Bitcoin ETFs Draw $526.6 Million Despite Price Weakness

U.S. spot Bitcoin (BTC) exchange-traded funds drew $526.6 million in net inflows on Oct. 19 despite a weak week for the cryptocurrency, with BlackRock’s fund driving the increase. BlackRock’s iShares Bitcoin Trust (IBIT) collected $665.2 million, more than the groupwide net gain. Fidelity’s FBTC had $83.6 million in outflows, while Grayscale’s GBTC had $54.9 million in outflows. The daily total was the largest since Sept. 22. Bitcoin had declined roughly 2% over the previous week and traded near or below $81,500. One strong session did not reverse the month’s fund flows. Through Oct. 19, U.S.

Source: TokenPost