Withdrawals from two rival funds pared the impact of a $665.16 million inflow into BlackRock's IBIT, leaving U.S. spot Bitcoin (BTC) exchange-traded funds with a $526.6 million net gain on Oct. 19.
Fidelity's FBTC recorded $83.63 million in outflows, and Grayscale's GBTC lost $54.93 million, SoSoValue data showed. Together, those withdrawals account for the $138.56 million gap between IBIT's inflow and the group's net gain. IBIT was the only one of the 12 funds to attract money that day.
The result reversed an $82.39 million group outflow on Oct. 16, according to SoSoValue. Farside Investors separately calculated a $526.7 million net inflow for Oct. 19, as reported in earlier coverage of the session.
Trading volume across the funds totaled $2.09 billion on Oct. 19. IBIT accounted for $1.76 billion of that activity, compared with $135.90 million for FBTC and $83 million for GBTC, the SoSoValue figures showed.
SoSoValue put cumulative net inflows for the funds at $57.40 billion and their total net assets at $105.46 billion. Those assets represented about 6.40% of Bitcoin's market capitalization.
