BlackRock’s IBIT accounted for $94.98 million of the $115.56 million in net outflows from U.S. spot Bitcoin (BTC) exchange-traded funds Tuesday, extending the group’s withdrawals to a third straight trading session.
Farside Investors recorded outflows of $643.2 million on Oct. 30 and $398.6 million Monday. Its Tuesday tally of $115.6 million was about 71% below Monday’s.
Grayscale’s BTC fund recorded $52.60 million in net withdrawals, SoSoValue data showed. Inflows at Bitwise’s BITB ($21.92 million), Fidelity’s FBTC ($6.76 million) and Morgan Stanley’s MSBT ($3.34 million) offset part of the two funds’ outflows.
The withdrawal streak followed a fourth straight session of inflows on Oct. 29, when the funds took in $17.2 million.
The funds’ combined net assets stood at $99.16 billion Tuesday, according to SoSoValue. Bitcoin traded at $78,273 as of 3:31 a.m. ET (08:31 UTC) Wednesday, up 2.26% over 24 hours.
