U.S. Spot Bitcoin ETFs Lose $635.6 Million as IBIT Leads Outflows

U.S. spot Bitcoin (BTC) exchange-traded funds recorded $635.6 million in net outflows Thursday, Oct. 22, as withdrawals from BlackRock’s IBIT and Fidelity’s FBTC erased part of the inflows from the previous three sessions.

BlackRock’s iShares Bitcoin Trust (IBIT) led the outflows with $254.1 million in net withdrawals. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $217.5 million, and ARK 21Shares Bitcoin ETF (ARKB) shed $109.4 million. Together, IBIT and FBTC accounted for $471.6 million, or about 74%, of the day’s total.

Grayscale Bitcoin Trust (GBTC) posted $29.5 million in net outflows, while Bitwise Bitcoin ETF (BITB) lost $27.4 million. Morgan Stanley’s MSBT was the only listed fund to attract money, adding $2.3 million; the remaining funds had no net flow.

The withdrawals followed three consecutive sessions of inflows totaling $1.0747 billion. The funds took in $526.7 million on Oct. 19, $23.2 million on Oct. 20 and $524.8 million on Oct. 21. Even after Thursday’s outflow, the four sessions from Oct. 19 through Oct. 22 ended with a combined $439.1 million net inflow.