Bitcoin Spot ETFs Experience Mixed Inflows and Outflows

Recent data from SoSoValue indicates a mixed reception for Bitcoin spot ETFs, with some seeing inflows while others witnessed outflows. On October 10th, the total net outflow of Bitcoin spot ETFs amounted to $4.5038 million, according to Foresight News. Notably, Blackrock’s IBIT ETF recorded the highest single-day inflow, reaching a remarkable $74.2134 million. This surpasses its cumulative historical net inflow of $65.26 billion. Conversely, Bitwise’s BITB ETF saw the largest outflow, totaling $37.4488 million in a single day. BITB’s historical net inflow stands at $2.483 billion. The current state of Bitcoin spot ETFs reveals a total net asset value of $158.965 billion and an ETF net asset ratio of 6.98% against Bitcoin’s market capitalization, with a cumulative historical net inflow of $62.77 billion. #BTC #ETF