Spot Bitcoin exchange-traded funds in the US saw net inflows of $526.7 million on Monday. This result marks the highest daily intake for the sector since September 22, when funds attracted $714.7 million. The positive performance follows two weeks of net weekly withdrawals, including a loss of $229 million last week and $681 million the week prior.
BlackRock’s iShares Bitcoin Trust led the market with $665.2 million in inflows. These gains were partially offset by outflows from other providers, specifically $83.6 million from Fidelity’s Wise Origin Bitcoin Fund and $54.9 million from the Grayscale Bitcoin Trust. Other funds reported no net flows for the day.
Despite the recent influx of capital, US spot Bitcoin ETFs remain in negative territory for October with a net deficit of approximately $88 million. Meanwhile, spot Ether ETFs experienced a different trend, recording $103.3 million in net outflows on Monday. BlackRock’s iShares Ethereum Trust accounted for $95.4 million of these withdrawals.
