U.S. spot Bitcoin ETFs recorded a net inflow of $526.7 million on Monday, marking the strongest daily performance since September 22. This result follows a two-week period of outflows that saw investors withdraw approximately $910 million from the funds.
BlackRock’s iShares Bitcoin Trust (IBIT) led the market with $665.2 million in inflows. Conversely, Fidelity’s FBTC and Grayscale’s GBTC experienced outflows of $83.6 million and $54.9 million, respectively, while other funds reported no activity.
The broader crypto market saw mixed results as spot Ethereum ETFs faced $103 million in outflows, marking the fourth consecutive day of losses. Solana ETFs also recorded a decline of $6.7 million. Despite these figures, the combined net inflow for Bitcoin, Ethereum, and Solana funds reached approximately $417 million.
BlackRock’s Ethereum fund, ETHA, contributed $95.4 million to the total Ethereum outflows. Meanwhile, Bitcoin traded near $82,000, aligning with the estimated average cost basis for ETF holders. Spot Bitcoin ETFs remain down by roughly $88 million for the month of October.
