U.S. spot Bitcoin exchange-traded funds ( ETF ) recorded a net inflow of $526.7 million on Monday, the largest single-day inflow in nearly a month, following two consecutive weeks of weekly net outflows for such funds.
According to the data from Farside Investors, the inflow on Monday was the strongest since September 22nd, when those funds attracted $714.7 million. The inflow on Monday also reversed the net outflow of $82.4 million from last Friday.
Among them, IBIT under BlackRock led the gains, with a net inflow of $665.2 million, which offset the capital withdrawals from Fidelity and Grayscale, while other funds recorded zero net flows.
In the past two weeks, spot Bitcoin ETF has seen net outflows on a weekly basis. Last week, these funds experienced a net outflow of approximately $229 million, and the week before that, there was a net outflow of $681 million. On October 7th, these funds recorded a net outflow of $483.9 million, which was the largest single-day withdrawal since June.
Despite a net inflow on Monday, according to the daily data from Farside, the US spot Bitcoin ETF has still been in a state of net outflow of approximately $88 million as of October so far.
