BlackRock Bitcoin ETF Pulls In $665 Million While Rivals Lose Money
Summary
BlackRock’s iShares Bitcoin Trust (IBIT) recorded about $665 million in net inflows on October 19, while US spot Bitcoin ETFs collectively gained roughly $527 million. IBIT’s inflows more than offset withdrawals from Fidelity’s FBTC and Grayscale’s GBTC. The figures suggest demand was concentrated in IBIT rather than spread across funds, though one day’s flows do not explain investor motives or directly measure Bitcoin purchases. The group’s net inflow followed withdrawals on Friday.
