U.S. Spot Bitcoin ETFs Record $89.8 Million Net Outflow
The daily outflow reversed a $189.9 million inflow on the previous trading day, while five-day net flows remained positive at $120.3 million.
U.S. spot Bitcoin (BTC) exchange-traded funds recorded $89.8 million in net outflows Oct. 5, reversing the prior trading day’s $189.9 million inflow even as five-day flows stayed positive.
BlackRock’s iShares Bitcoin Trust (IBIT) led the funds with $69.9 million in inflows. The largest withdrawals came from ARK 21Shares Bitcoin ETF (ARKB), with $85.2 million, and Fidelity Wise Origin Bitcoin Fund (FBTC), with $74.5 million.
Despite the daily decline, combined net flows over the last five trading days remained positive at $120.3 million. Cumulative net flows since the funds launched totaled $57.767 billion.
BITB, BTCO, EZBC, BRRR, HODL, BTCW, MSBT, GBTC and BTC each recorded no net flow on Oct. 5.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.