U.S. Spot Bitcoin ETFs Lose About $515 Million in October

October ended with ETF redemptions exceeding creations by about $515 million, after roughly $643 million in net withdrawals on the final trading day. BlackRock’s iShares Bitcoin Trust (IBIT) took in about $932 million during the month. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost roughly $755 million, while ARK 21Shares Bitcoin ETF (ARKB) recorded about $444 million in outflows. The monthly totals vary slightly: one tally put outflows at $515.0 million, while adding the displayed daily figures gives $515.9 million. The figures for Friday, Oct. 30, also differ, with one count showing $643.3 million in outflows and another $643.2 million. The funds posted net inflows in 13 of October’s 22 U.S. trading sessions and net outflows in nine. The final session’s withdrawal pushed the month’s overall balance into negative territory.

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