Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock’s IBIT led the withdrawals with $207.7 million leaving the fund, while Fidelity and ARK also posted nine-figure outflows. A day after Bitcoin ETF inflows appeared to recover, institutional money moved sharply in the other direction. US spot Bitcoin exchange-traded funds recorded $484.9 million in combined net outflows on October 7, according to updated data from Farside Investors. The redemptions were broad rather than concentrated in one legacy product. BlackRock‘s IBIT, normally the strongest source of positive flow in the group, lost $207.7 million. Fidelity’s FBTC recorded another $105.1 million of net outflows, while ARK’s ARKB lost $101.7 million. Bitwise’s BITB posted ...