Market  October 31 Update: $32M Net Inflow in BTC ETFs as BlackRock’s IBIT Leads Growth

• BTC ETFs experienced a $32.14 million net inflow on October 31, raising cumulative inflows to $24.21 billion.
• BlackRock’s IBIT fund recorded the highest daily net inflow, adding $318.8 million to reach $30.53 billion in assets.
• Grayscale’s GBTC on NYSE faced a $31.15 million outflow, with assets valued at $15.38 billion after a 2.58% price drop.

Recent Market Update by SoSoValue has recorded BTC ETF movements with the data reading a daily net inflow totaling $32.14 million as of October 31 leading  to a cumulative net inflow of $24.21 billion.

The total value traded reached $3.07 billion, indicating high trading activity, while total net assets amounted to $70.86 billion, representing 5.12% of Bitcoin’s market cap.

In a detailed insight, BlackRock’s IBIT fund on NASDAQ recorded the highest daily net inflow of $318.80 million. This addition increased its cumulative net inflow to $26.14 billion, with total net assets at $30.53 billion. 

Source: SoSoValue

The Grayscale Bitcoin Trust (GBTC) on NYSE saw a daily net outflow of $31.15 million, reducing its cumulative inflow to -$20.16 billion. GBTC’s net assets stood at $15.38 billion, with its market price at $55.61, reflecting a 2.58% daily price decline. Trading volume for GBTC reached $227.94 million across 4.05 million shares.

Fidelity’s FBTC on CBOE faced a daily outflow of $75.24 million, lowering its cumulative net inflow to $10.49 billion, while net assets were valued at $13.18 billion. FBTC’s price dropped 2.74%, closing at $61.07, with $451.47 million in trading volume from 7.30 million shares.

The Ark Invest Bitcoin (ARKB) fund, also on CBOE, recorded a daily net outflow of $94.21 million, leaving its cumulative inflow at $2.64 billion. ARKB’s net assets totaled $3.45 billion, with a market price of $69.86 after a 2.61% decrease.

Bitwise’s BITB on NYSE experienced a $74.02 million outflow, resulting in $2.28 billion in net assets. Its price fell 2.68%, closing at $38.08 with $146.13 million in trading volume from 3.80 million shares.

Grayscale’s BTC product maintained no net inflow changes, holding net assets of $2.42 billion. The BTC price decreased by 2.51%, closing at $6.21, with a trading volume of $88.66 million from 14.15 million shares.

VanEck’s HODL on CBOE saw a daily outflow of $13.94 million, with net assets totaling $912.17 million, closing at $79.16 after a 2.55% price decrease.