News · Institutions & ETFs
A $665.2 million surge into BlackRock's IBIT delivered the category's largest single-day inflow in a month, despite redemptions across rival funds.
Key point 1 of 3
01
US spot bitcoin funds netted $526.6 million on Monday, marking their highest single-day inflow since Sept. 22.
Key point 2 of 3
02
BlackRock's IBIT took in $665.2 million, offsetting $83.6 million in FBTC outflows and $54.9 million from GBTC.
Key point 3 of 3
03
US spot ether funds lost $103.3 million in their fourth consecutive outflow day, led by $95.4 million from ETHA.
Context
The surge follows a soft prior week that witnessed $228.5 million in withdrawals, leaving month-to-date net flows for the bitcoin funds down about $90.5 million.
Why it matters
Capital allocations remain highly polarized toward BlackRock's vehicle, as rival issuers like Fidelity and Grayscale continue to experience steady redemptions.
What to watch
Subsequent daily net flow prints across the 11 spot bitcoin funds to determine whether total October flow metrics flip positive.
Sources
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