Bitcoin ETFs Post Their Best Day in Nearly a Month as BlackRock Does All the Buying
Summary
U.S. spot Bitcoin ETFs recorded $526.7 million in net inflows on Monday, their strongest day since Sept. 22 and a reversal after roughly $910 million in outflows over the prior two weeks. BlackRock’s IBIT gained $665.2 million, while Fidelity’s FBTC and Grayscale’s GBTC saw outflows. Spot Ethereum ETFs lost $103 million and Solana ETFs $6.7 million. Bitcoin traded near $82,000 as elevated oil prices, inflation and Treasury yields shaped investor choices. Despite Monday’s rebound, Bitcoin ETFs remained about $88 million net negative for October.
