US Bitcoin ETFs Record $137.3M Net Inflow on October 28

Key Takeaways

  • US Bitcoin spot ETFs recorded a net inflow of $137.3 million on October 28 (US Eastern Time).
  • BlackRock's IBIT received $136 million in net inflows on October 28, accounting for 99% of the day's total.
  • US Bitcoin spot ETFs recorded October month-to-date net inflows of $110.1 million, down from September's $2.648 billion.

US Bitcoin spot exchange-traded funds (ETFs) recorded a net inflow of $137.3 million on October 28 (US Eastern Time), extending a three-day inflow streak that began October 26. The single-day figure brings October's month-to-date net inflow to $110.1 million, down from September's $2.648 billion. Since their January 2024 listing, the 12 US Bitcoin spot ETF products have accumulated $57.674 billion in cumulative net inflows, with BlackRock's IBIT receiving $136 million on October 28 — the largest single-product inflow of the day. No ETF products recorded outflows on October 28, though the recent five-trading-day period (October 22–28) shows a net outflow of $349.9 million.

BlackRock IBIT Leads October 28 Inflows with $136 Million

BlackRock's IBIT received $136 million in net inflows on October 28, accounting for 99% of the day's total. Bitwise's BITB recorded $1.3 million in inflows. No other products reported inflows or outflows on October 28. Over the recent five-trading-day period (October 22–28), IBIT added $33.4 million while Fidelity's FBTC saw $224.8 million in outflows and ARK Invest/21Shares' ARKB recorded $109.4 million in outflows. Grayscale's GBTC reported $29.5 million in outflows over the same period.

Since their January 2024 listing, BlackRock's IBIT has accumulated $66.531 billion in cumulative net inflows — the highest among all products. Grayscale's GBTC has recorded $27.953 billion in cumulative net outflows over the same period. Fidelity's FBTC ranks second with $10.373 billion in cumulative inflows, followed by Grayscale's BTC at $2.905 billion and Bitwise's BITB at $2.027 billion.

October Month-to-Date Inflows Total $110.1 Million

US Bitcoin spot ETFs recorded $110.1 million in cumulative net inflows from the start of October through October 28. This represents a 95.8% decline from September's $2.648 billion in net inflows. The recent five-trading-day period (October 22–28) saw $349.9 million in net outflows, indicating volatility within the month.

The 12 US Bitcoin spot ETF products launched in January 2024 and have since accumulated $57.674 billion in cumulative net inflows. BlackRock's IBIT and Fidelity's FBTC account for $76.904 billion of total inflows, while Grayscale's GBTC has seen $27.953 billion in cumulative outflows since listing.

FAQ

What was the net inflow for US Bitcoin spot ETFs on October 28? US Bitcoin spot ETFs recorded a net inflow of $137.3 million on October 28 (US Eastern Time), with BlackRock's IBIT receiving $136 million and Bitwise's BITB adding $1.3 million. No products reported outflows on October 28.

How do October 2024 inflows compare to September 2024? October's month-to-date net inflow through October 28 totaled $110.1 million, down 95.8% from September's $2.648 billion. The recent five-trading-day period (October 22–28) showed a net outflow of $349.9 million.

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