BlackRock IBIT drives $301 million net inflows for US Bitcoin ETFs

US spot Bitcoin exchange-traded funds (ETFs) recorded $301.2 million in net inflows for the week ending October 23, primarily driven by BlackRock’s iShares Bitcoin Trust (IBIT), according to data from Farside Investors. While IBIT generated $565.7 million in net inflows, several competitors posted net outflows, highlighting IBIT’s dominant role in the segment’s weekly gains. In the first three trading days of the week, spot Bitcoin ETFs in the US collectively attracted approximately $1.07 billion. On October 19, the sector saw net inflows of $526.7 million, with IBIT as the sole contributor to this tally. Activity slowed on Tuesday, as total net inflows dropped to $23.2 million. IBIT accounted for $29.9 million in purchases, with Fidelity’s FBTC bringing in $3.6 million.

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