US Bitcoin ETFs draw $527M in biggest showing since September

US Bitcoin ETFs draw $527M in biggest showing since September

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US spot Bitcoin exchange-traded funds (ETFs) recorded $526.7 million in net inflows on Monday, their largest daily intake in nearly a month, after posting net weekly withdrawals in each of the past two weeks.

According to Farside Investors, Monday’s inflows were the strongest since Sept.

22, when the funds attracted $714.7 million.

Monday’s record reversed Friday’s $82.4 million in net outflows.  BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $665.2 million, exceeding the net total across all funds.

The gains were partly offset by $83.6 million in withdrawals from Fidelity’s Wise Origin Bitcoin Fund (FBTC) and $54.9 million from Grayscale Bitcoin Trust (GBTC).

Other funds recorded no net flows, according to Farside.

Source: Farside Investors The rebound followed two weeks of net outflows on a weekly basis.

Last week, spot Bitcoin ETFs shed about $229 million after losing $681 million the week before.

The funds also recorded $483.9 million in outflows on Oct.

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