US Bitcoin ETFs See $527 Million Net Inflow

Spot Bitcoin exchange-traded funds in the United States attracted $526.7 million in capital on Monday. This result marks the largest daily inflow since September 22, when the sector brought in $714.7 million.

The movement reversed the losses seen on the previous Friday, which recorded a net outflow of $82.4 million. BlackRock’s iShares Bitcoin Trust was the primary driver of this positive performance, posting inflows of $665.2 million.

These gains offset withdrawals from other market products. The Fidelity fund saw outflows of $83.6 million, while the Grayscale fund experienced redemptions totaling $54.9 million.

The result breaks a two-week streak of net weekly outflows. Despite Monday's significant volume, the cumulative balance for Bitcoin funds in October remains negative by approximately $88 million.

In contrast, Ether funds recorded net outflows of $103.3 million during the same period. BlackRock’s product led the withdrawals in the Ether segment with $95.4 million in outflows.