Bitcoin ETFs Draw $402M Inflows Led by BlackRock’s IBIT Amid Market Declines

• BlackRock’s IBIT ETF on NASDAQ led with $291.96 million in daily inflows, boosting its net assets to $26.98 billion.
• Grayscale’s GBTC ETF reported no inflow, maintaining cumulative net assets of $14.72 billion, yet saw active trading with 3.93 million shares.
• Fidelity’s FBTC ETF recorded an inflow of $56.95 million, raising its total net assets to $12.42 billion, with active trading volumes.

Recent market update of Bitcoin spot ETFs on October 25 by SoSoValue  has shown  a notable inflow and some fluctuations in individual ETF performance. Total daily net inflow across all Bitcoin ETFs reached $402.08 million.

BlackRock’s Bitcoin spot ETF, ticker IBIT on NASDAQ, led the inflow with a substantial $291.96 million, bringing its cumulative net inflow to $23.99 billion. 

This inflow significantly contributed to IBIT’s net assets, which totaled $26.98 billion. Additionally, IBIT recorded a trading volume of 51.75 million shares, with a daily value traded of $1.99 billion.

Source: SoSoValue

Grayscale’s GBTC, traded on the NYSE, had no net inflow on October 25, maintaining its cumulative inflow at -$20.11 billion, though its net assets still amounted to $14.72 billion. GBTC saw a trading volume of 3.93 million shares, with a total daily value of $210.77 million.   

 Fidelity’s FBTC on CBOE experienced an inflow of $56.95 million, increasing its cumulative net inflow to $10.38 billion and its net assets to $12.42 billion. FBTC had a trading volume of 5.17 million shares with a daily traded value of $305.10 million.

Other Bitcoin spot ETFs also saw significant inflows. Ark & 21Shares’ ARKB on CBOE registered $33.37 million in net inflow, with a cumulative inflow of $2.65 billion and net assets at $3.29 billion. ARKB recorded a daily traded volume of 2.44 million shares, amounting to $164.33 million in value.

Meanwhile, Bitwise’s BITB, traded on the NYSE, had an inflow of $2.55 million, with a cumulative inflow of $2.28 billion, and its net assets totaled $2.78 billion.

Additional notable inflows included the VanEck HODL on CBOE, which saw $11.34 million in net inflow, bringing its cumulative net inflow to $709.04 million and net assets to $859.99 million. HODL’s daily volume reached 271.62 thousand shares, with a trading value of $20.72 million.

Across the board, most ETFs showed a decrease in daily price, with declines ranging from -2.17% to -2.40%, reflecting market-wide downward price adjustments. Despite these declines, the cumulative inflow of $21.93 billion for Bitcoin ETFs shows significant investor activity, with total net assets across ETFs reaching $65.25 billion.