Bitcoin spot ETFs swing to $526.6 million daily inflow led by BlackRock’s IBIT

U.S. spot Bitcoin exchange-traded funds returned to net inflows after one session, attracting $526.6 million as BlackRock’s IBIT took in $665.16 million.

The market reversed the previous session’s net outflow in a single trading day.

According to SoSoValue data, U.S. spot Bitcoin ETFs recorded a combined daily net inflow of $526.6 million on Oct. 19.

The inflow followed an $82.39 million net outflow on Oct. 16. Cumulative net inflows reached $57.40 billion.

Among the 12 ETFs, BlackRock’s IBIT was the only fund to record an inflow, drawing $665.16 million.

Fidelity’s FBTC posted an outflow of $83.63 million, while Grayscale’s GBTC shed $54.93 million.

Total spot Bitcoin ETF trading volume stood at $2.09 billion. IBIT led with $1.76 billion, followed by FBTC at $135.90 million and GBTC at $83 million.

Total net assets were $105.46 billion, equivalent to about 6.40% of Bitcoin’s total market capitalization. IBIT ranked first with $66.37 billion, followed by FBTC with $14.43 billion and GBTC with $10.24 billion.

This article is based on market data and chart analysis and does not constitute investment advice regarding any specific asset.