US Spot Bitcoin ETFs See $197.8 Million Inflow as Ether ETFs Slip
Bitcoin spot ETFs saw significant net outflows on October 17, led by BlackRock's IBIT and Fidelity’s FBTC, despite total assets reaching $143.94 billion, or 6.75% of Bitcoin's market cap.
BTC
Summary
On October 17, Bitcoin spot ETFs experienced net outflows totaling $367 million. BlackRock’s IBIT led with $269 million in outflows, followed by Fidelity’s FBTC at $67.37 million. Despite the outflows, total Bitcoin ETF assets reached $143.94 billion, representing 6.75% of Bitcoin’s market cap, with cumulative net inflows of $61.54 billion.
Terms & Concepts
- Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, allowing investors to gain exposure to the cryptocurrency without directly holding it.