Digital Currency / Investing

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U.S. Spot Bitcoin (BTC) ETFs Post $5.06 Million Net Inflow on Oct. 15

BlackRock’s IBIT gained $16.79 million; Grayscale’s BTC and Invesco’s BTCO recorded outflows of $7.64 million and $4.09 million, respectively.

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Pedestrians pass the stone facade of the New York Stock Exchange in Lower Manhattan. / EconoTimes.ai
Pedestrians pass the stone facade of the New York Stock Exchange in Lower Manhattan. / EconoTimes.ai

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BlackRock’s IBIT drew enough on Oct. 15 to lift the 12-fund group’s daily balance by $5.06 million, SoSoValue data showed, despite withdrawals at two rivals.

IBIT attracted $16.79 million. Grayscale’s BTC shed $7.64 million and Invesco’s BTCO lost $4.09 million.

The inflow followed a $261.4 million net outflow on Oct. 14, according to Farside data cited in EconoTimes’ coverage of the previous session.

Trading across the funds totaled $2.28 billion on Oct. 15, while their combined net assets stood at $105.71 billion. Cumulative net inflows reached $56.96 billion, and the funds’ assets equaled about 6.41% of Bitcoin’s market capitalization, SoSoValue data showed.

IBIT led trading volume at $1.8 billion. Fidelity’s FBTC followed with $237.82 million, while Grayscale’s GBTC recorded $83.24 million, the data showed.

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