Spot Bitcoin exchange-traded funds recorded a combined net outflow of $487 million on Oct. 7, according to SoSoValue data. BlackRock’s iShares Bitcoin Trust (IBIT) saw the largest single-day withdrawal at $208 million, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $105 million in net outflows. Despite the daily pullback, IBIT’s cumulative historical net inflow stood at $65.717 billion, and FBTC’s reached $10.716 billion. As of press time, the total net asset value of spot Bitcoin ETFs was $107.401 billion. The ETF net asset ratio, which measures ETF market value as a share of Bitcoin’s total market capitalization, stood at 6.41%. Historical cumulative net inflows across spot Bitcoin ETFs reached $57.330 billion.
U.S. spot Bitcoin ETFs recorded total net outflows of $487 million on Oct. 7, Eastern Time, according to SoSoValue.
BlackRock’s iShares Bitcoin Trust (IBIT) posted the largest single-day net outflow at $208 million. Even so, IBIT’s cumulative historical net inflow stood at $65.717 billion.
Fidelity’s spot Bitcoin ETF, FBTC, ranked second with $105 million in net outflows for the day. Its cumulative historical net inflow was $10.716 billion.
As of press time, the total net asset value of spot Bitcoin ETFs was $107.401 billion. The ETF net asset ratio, measuring ETF market value as a share of Bitcoin’s total market capitalization, was 6.41%, while cumulative historical net inflows reached $57.330 billion.
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