TOKENPOST
1 min read
Add as a preferred source on Google

U.S. Spot Bitcoin ETFs Post $487 Million Net Outflow on Oct. 7

BlackRock’s IBIT led withdrawals at $208 million, followed by Fidelity’s FBTC at $105 million.

By Enna Lee
Published
Mentioned assets
A brass Bitcoin token beside an empty investment fund tray / TokenPost.ai
A brass Bitcoin token beside an empty investment fund tray / TokenPost.ai

U.S. spot Bitcoin ETFs recorded $487 million in combined net outflows on Oct. 7, with BlackRock’s IBIT accounting for the largest share at $208 million.

Fidelity’s FBTC ranked second among the funds, posting $105 million in net outflows for the day. Despite the withdrawals, IBIT’s cumulative net inflows stood at $65.717 billion, while FBTC had accumulated $10.716 billion.

The U.S. spot Bitcoin ETF group held $107.401 billion in total net assets as of the reporting period. Its assets represented 6.41% of Bitcoin’s total market capitalization.

The Oct. 7 outflows left cumulative net inflows across the funds at $57.330 billion.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…