Bitcoin ETFs Just Saw Their Biggest Day in a Month Thanks Entirely to BlackRock
BlackRock’s IBIT led the gains as Bitcoin funds reversed two weeks of withdrawals, while ether ETFs logged their fourth straight day of outflows.
- US spot Bitcoin exchange-traded funds attracted $528 million in net inflows on Wednesday, extending a three-day rally that drew a combined $1.08 billion.
- The buying followed two difficult weeks for Bitcoin funds, which recorded $228.4 million in withdrawals during October 12–16 after losing approximately $678.9 million the previous week.
- BlackRock's iShares Bitcoin Trust led Wednesday's inflows with $235 million, followed by the Fidelity Wise Origin Bitcoin Fund with around $213 million.
- Ether ETFs stopped the bleeding with $15 million in net inflows, ending a five-session outflow streak for the products.
- Bitcoin briefly surged above $84,700 on Wednesday before retreating, with BTC trading around $81,963 by October 22.
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Bitcoin Price Falls Below $82K Despite $1B Bitcoin ETF Inflows
Bitcoin price fell below $82,000 on October 22 despite renewed U.S. spot exchange-traded fund demand. The funds attracted approximately $1.08 billion across three sessions ending October 21, according to SoSoValue-based figures. Spot Bitcoin ETF Inflows are Soaring This Week American retail and institutional investors are rotating to Bitcoin aggressively this week. SoSoValue data …
Spot Bitcoin ETFs in the US saw net inflows exceeding $1 billion in three trading days. Ethereum ETFs also ended a five-day outflow streak. The majority of Bitcoin purchases were concentrated in BlackRock and Fidelity funds.
US bitcoin ETFs have attracted over $1 billion in three trading days. The daily average exceeds the levels seen during three previous strong bitcoin rallies. But net inflows are still significantly lower than in July – the question is whether the recent buying interest will hold. Capital has returned after two weeks of net withdrawals from the funds. According to CoinDesk, net inflows into US spot bitcoin ETFs amounted to around $1.08 billion du…
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