BlackRock IBIT Records $565.7 Million Net Inflow Over Five Sessions

U.S. spot Bitcoin (BTC) exchange-traded funds recorded a provisional $301.2 million net inflow over the five sessions ending Oct. 23, led by BlackRock’s iShares Bitcoin Trust ETF (IBIT), while withdrawals from other funds reduced the group’s total.

The total was provisional as of 6:14 p.m. EDT Oct. 24 (22:14 UTC), when VanEck’s HODL had no figure listed for Oct. 23. The weekly amount may change when that entry is reported.

The funds posted net inflows of $526.7 million on Oct. 19, $23.2 million on Oct. 20 and $524.8 million on Oct. 21. They then recorded net outflows of $635.6 million on Oct. 22 and $137.9 million on Oct. 23. The last two sessions reversed much of the earlier inflow.

IBIT recorded net inflows of $665.2 million on Oct. 19, $29.9 million on Oct. 20 and $235 million on Oct. 21, followed by net outflows of $254.1 million and $110.3 million on the final two sessions. Its five-day total was a $565.7 million net inflow. The Oct. 19 IBIT inflow exceeded its five-session net gain.

Funds excluding IBIT recorded combined net outflows of $264.5 million. Fidelity’s FBTC had $116.6 million in net outflows for the week, while ARK 21Shares’ ARKB recorded $99.6 million and Grayscale’s GBTC recorded $51.8 million in net outflows.

The provisional inflow followed net outflows of $678.9 million during Oct. 5-9 and $228.4 million during Oct. 12-16. Those two weeks had combined outflows of $907.3 million, so the latest week’s displayed inflow would offset about one-third if it holds.