Bitcoin ETF outflows: BlackRock’s IBIT sees $65.4 million withdrawals as other funds stay flat | Hindustan Times

BlackRock’s iShares Bitcoin Trust (IBIT) recorded $65.4 million in net outflows on October 12. This means the fund saw more money withdrawn than invested during the day. IBIT was the only US spot Bitcoin ETF to record net outflows on October 12. All other US spot Bitcoin ETFs recorded zero net flows, meaning they saw no net change in money invested or withdrawn.

Since IBIT was the only fund to record a net movement, the latest outflow was concentrated in BlackRock’s Bitcoin ETF. The data does not show a similar withdrawal pattern across other US spot Bitcoin ETFs, according to Yahoo Finance.

Bitcoin ETF outflows lower than October 7

US spot Bitcoin ETFs recorded total net outflows of $484.9 million on October 7. IBIT alone accounted for $207.7 million of those withdrawals. IBIT’s $65.4 million outflow on October 12 was roughly one-third of the $207.7 million it recorded on October 7. This shows that the latest withdrawal from the fund was smaller than its earlier outflow.

BlackRock IBIT inflows remain strong

Despite the latest withdrawal, IBIT’s historical cumulative net inflows stood at approximately $65.67 billion. This figure reflects the total net money that has flowed into the fund over time, according to Yahoo Finance.