On October 11, U.S.-based spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $253.6 million, reversing three consecutive days of outflows. Fidelity’s Wise Origin Bitcoin Fund led the pack with $117.1 million, followed by ARK 21Shares with $97.6 million. Bitwise also saw a boost with $38.8 million, its largest inflow in 11 days.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) had no contributions, along with ETFs from Franklin Templeton, Valkyrie, and WisdomTree. Despite this, it was the third-largest inflow day without IBIT’s contribution. Grayscale Bitcoin Trust, however, continued to struggle, losing $22.1 million.
The $253.6 million inflow exceeded the $140 million in outflows seen from October 8-10. This movement followed a 7.3% Bitcoin rally, hitting a local high of $63,360.
Overall, U.S. spot Bitcoin ETFs have seen $18.9 billion in net inflows, with BlackRock leading at $21.7 billion and Fidelity nearing a $10 billion milestone.