Bitcoin ETFs See Mixed Inflows as Daily Outflows Hit $242 Million in October

• Bitcoin-related assets saw $242 million in outflows on October 1, though cumulative net inflows remain positive at $18.62 billion.
• NASDAQ-listed IBIT managed a significant daily inflow of $40.84 million, while other major ETFs posted losses.
• Grayscale’s GBTC faced $5.90 million in outflows, contributing to its $20.10 billion cumulative outflow to date.

In a recent market update by SoSoValue, the Daily Total Net Inflow stands at – $242.53 million, indicating a negative inflow for the day. However, the Cumulative Total Net Inflow remains positive at $18.62 billion, reflecting a long-term net inflow across the tracked assets. 

According to the update dated October 1, the Total Value Traded on this date is $2.53 billion, while the Total Net Assets amount to $57.36 billion, which is 4.77% of Bitcoin’s total market cap.

Source: SoSoValue

The recent data details specific Bitcoin ETFs listed across different exchanges. IBIT, listed on NASDAQ and sponsored by BlackRock, saw a 1-day net inflow of $40.84 million and has cumulative inflows of $21.54 billion. The asset holds $22.71 billion in net assets with a 1.89% Bitcoin share. Its price dropped by 2.38%, and it traded $844.56 million in value.

GBTC on the NYSE, managed by Grayscale, saw an outflow of $5.90 million for the day and has experienced $20.10 billion in cumulative outflows. It has $13.65 billion in net assets and a 1.14% Bitcoin share, with a 2.32% price drop on the day.

The FBTC (CBOE, Fidelity) experienced a notable 1-day outflow of $144.67 million yet shows cumulative inflows of $9.85 billion. Its net assets total $11.01 billion, and the daily price change stands at -2.43%.

Ark Invest’s ARKB on the CBOE saw a daily outflow of $84.35 million and holds $3.04 billion in net assets, with a 0.25% Bitcoin share. Its price dropped 2.43%.

Bitwise’s BITB saw a $32.70 million daily outflow, while Grayscale’s BTC experienced no inflows and $422.31 million cumulative inflows. The remaining listed assets, such as HODL and BRRR, show varied performances, with HODL showing a $15.75 million outflow and BRRR experiencing a $532.92 million cumulative inflow.