On October 11, US spot Bitcoin exchange-traded funds (ETFs) saw a significant turnaround with net inflows of $253.6 million, following a few days of withdrawals.
According to data from Farside Investors, the Fidelity Wise Origin Bitcoin Fund led the way with an impressive $117.1 million influx, closely followed by the ARK 21Shares Bitcoin ETF, which attracted $97.6 million.
The Bitwise Bitcoin ETF also had a notable day, receiving $38.8 million, its highest in over a week. Other funds like those from Invesco Galaxy and VanEck also enjoyed positive inflows, while BlackRock’s iShares Bitcoin Trust and others saw no movement.
Despite this positive trend for Bitcoin ETFs, the Grayscale Bitcoin Trust continued to struggle, losing $22.1 million on the same day. Overall, the recent inflows of $253.6 million more than compensated for the $140 million that had been withdrawn from Bitcoin ETFs earlier in October. This surge coincided with a 7.3% rise in Bitcoin’s price, reaching a local high of $63,360.
In total, BlackRock’s spot Bitcoin ETFs have attracted $21.7 billion, with Fidelity not far behind at $9.985 billion. Among all spot Bitcoin ETF issuers, only Bitwise and ARK 21Shares have surpassed $2 billion in net inflows.
