BlackRock’s IBIT adds $565.7 million, drives US spot Bitcoin ETF weekly inflows

US spot Bitcoin exchange-traded funds (ETFs) ended the week of October 23 with a net inflow of $301.2 million, according to data from Farside Investors. This increase was largely fueled by BlackRock’s iShares Bitcoin Trust (IBIT), which recorded $565.7 million in inflows and outperformed all other funds in the market. Early in the week, US Bitcoin ETFs attracted significant interest, tallying approximately $1.07 billion in inflows over the first three trading sessions. October 19 proved especially strong, with the sector posting $526.7 million in net inflows. BlackRock’s IBIT led the way, contributing the bulk of this amount. The pace of investments slowed on Tuesday, with total inflows tapering to $23.2 million. IBIT maintained its lead, bringing in an additional $29.9 million.

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