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Spot Bitcoin ETFs Suffer $244 Million Net Outflow on Oct. 8

Fidelity’s FBTC led withdrawals at $197 million, while Franklin’s EZBC posted the only reported inflow at $4.71 million.

By Enna Lee
Published
Mentioned assets
Bitcoin tokens sit beside a partially emptied transparent fund container / TokenPost.ai (macro)
Bitcoin tokens sit beside a partially emptied transparent fund container / TokenPost.ai (macro)

Spot Bitcoin ETFs posted combined net redemptions of $244 million on Oct. 8, with Fidelity’s FBTC accounting for the largest outflow at $197 million.

FBTC posted a $197 million outflow. Despite the daily decline, its cumulative net inflows remained at $10.519 billion.

Franklin’s Bitcoin ETF, EZBC, was the only fund with a reported inflow, taking in $4.71 million during the session. Its cumulative net inflows reached $330 million.

The group’s net asset value stood at $104.914 billion, representing 6.38% of Bitcoin’s total market value. Cumulative net inflows across the funds reached $57.086 billion as of the latest reported figures.

Enna Lee

Reporter

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

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