On October 11, U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw a significant recovery, attracting $253.6 million in net inflows after three days of outflows. Leading the way was the Fidelity Wise Origin Bitcoin Fund, which gained $117.1 million, followed by the ARK 21Shares Bitcoin ETF with $97.6 million. Bitwise Bitcoin ETF also saw its largest inflow in 11 trading days, reaching $38.8 million. Other ETFs from Invesco Galaxy and VanEck experienced positive inflows as well.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT), along with ETFs from Franklin Templeton, Valkyrie, and WisdomTree, recorded no new inflows for the day. This marked the third-largest inflow day for Bitcoin ETFs without BlackRock‘s contribution.
The overall $253.6 million inflow more than offset the $140 million that exited these ETFs from October 8 to 10. This surge followed a 7.3% rally in Bitcoin’s price, which reached a local high of $63,360.
Currently, BlackRock leads all issuers of spot Bitcoin ETFs with $21.7 billion in total inflows, while Fidelity is close to crossing the $10 billion mark. Only ARK 21Shares and Bitwise have surpassed $2 billion in net inflows.
Summary Review: U.S. Bitcoin ETFs reversed a three-day outflow trend on October 11, seeing $253.6 million in net inflows. Fidelity’s Wise Origin Bitcoin Fund led with $117.1 million, and ARK 21Shares followed with $97.6 million. The day marked a strong recovery for Bitcoin ETFs, despite BlackRock’s iShares Bitcoin Trust not contributing to the inflows. This positive shift came after a 7.3% rise in Bitcoin’s price.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
