Bitcoin ETF inflows fall 96%, BlackRock adds $29.86 million as resistance looms

Bitcoin faced renewed uncertainty on Tuesday as inflows into U.S. spot Bitcoin ETFs dropped to $23.16 million, down sharply from $526.7 million the previous day. Data from SoSoValue showed that while BlackRock’s iShares Bitcoin Trust (IBIT) still attracted $29.86 million and Fidelity’s FBTC added $3.58 million, these gains were partly offset by $10.29 million in withdrawals from Bitwise’s BITB fund. The steep decline marked a significant shift after Monday’s surge, which had seen the largest single-day increase in Bitcoin ETF demand in nearly a month. On that day, BlackRock alone purchased $665.2 million worth of Bitcoin ETF shares, even as other funds recorded outflows that reduced the industry’s total net gain. Earlier in October, the market had also experienced substantial selling, with $729 million withdrawn over October 7 and 8.

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