Add as a preferred source on GoogleBitcoin ETFs Draw $526.7 Million, Erasing Prior Week's Outflows
Ether funds recorded $103.3 million in outflows on the same day, leaving a $630 million gap between the groups' net flows.
U.S. spot Bitcoin (BTC) exchange-traded funds drew $526.7 million on Monday, Oct. 19, more than reversing the previous week's withdrawals, while spot Ether (ETH) funds lost $103.3 million in net flows.
BlackRock's iShares Bitcoin Trust (IBIT) took in $665.2 million, making it the only Bitcoin fund with a net inflow. The overall gain was smaller because Fidelity's Wise Origin Bitcoin Fund (FBTC) recorded an $83.6 million outflow and Grayscale Bitcoin Trust (GBTC) recorded a $54.9 million outflow. The other nine Bitcoin funds had no net flow.
Ether funds moved in the opposite direction. BlackRock's iShares Ethereum Trust (ETHA) accounted for $95.4 million of their withdrawals. Fidelity's FETH had a $6 million outflow, and Grayscale's ETHE had a $1.9 million outflow. The other eight Ether funds had no net flow.
Monday's Bitcoin inflow exceeded the $228.4 million in net withdrawals recorded across the five U.S. trading sessions from Oct. 12 through Oct. 16. The $630 million divide is the difference between the two groups' Oct. 19 net flows, not an additional fund flow.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.