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Bitcoin

Bitcoin ETFs Rebound With $526M—Why Is BTC Price Still Weak?

Image: CoinCentral

TLDR U.S. spot Bitcoin ETFs attracted $526.6 million on October 19, their highest daily inflow since September 22. BlackRock’s IBIT received $665.2 million, while Fidelity and Grayscale reported combined withdrawals of $138.5 million. October’s net ETF outflows narrowed to approximately $90.5 million following Monday’s recovery. Ethereum ETFs recorded $103.3 million in withdrawals, extending their losing streak to four trading sessions. Bitcoin remained near $81,500 on Tuesday despite the recovery in spot ETF inflows. U.S. spot Bitcoin ETFs received $526.6 million in net inflows on Monday, October 19, marking their strongest daily intake since September 22. BlackRock’s IBIT drove the rebound, even as rival funds reported withdrawals and Bitcoin prices weakened.

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