U.S. Spot Bitcoin ETFs Post $527M Inflows, Best Since September

U.S. spot Bitcoin exchange-traded funds drew $526.7 million in net inflows on Monday, their largest daily intake since Sept. 22. BlackRock’s iShares Bitcoin Trust, known as IBIT, led with $665.2 million in inflows.

The inflows followed $82.4 million in net outflows on Friday. Monday’s total was the largest since the funds attracted $714.7 million on Sept. 22, according to fund-flow data.

Fidelity’s Wise Origin Bitcoin Fund recorded $83.6 million in outflows, while Grayscale Bitcoin Trust had $54.9 million in withdrawals. The remaining U.S. spot Bitcoin ETFs reported no net flows.

The inflows followed two consecutive weeks of net outflows. Spot Bitcoin ETFs lost about $229 million last week after recording roughly $681 million in outflows the previous week. The funds also had $483.9 million in outflows on Oct. 7, their largest single-day withdrawal since June.

U.S. spot Bitcoin ETFs had about $88 million in net outflows for October based on daily flow data.

U.S. spot Ether ETFs recorded $103.3 million in net outflows on Monday. BlackRock’s iShares Ethereum Trust, or ETHA, accounted for $95.4 million of the withdrawals. Ether ETFs lost about $320 million last week, their third consecutive week of net outflows.