US spot Bitcoin ETFs add $225M as BlackRock’s IBIT offsets redemptions
BlackRock’s spot Bitcoin ETF drew $322 million in inflows Tuesday, offsetting outflows from rival funds including Fidelity and Grayscale.
US spot Bitcoin ETFs saw mixed trading flows on Tuesday, with BlackRock’s iShares Bitcoin Trust ETF (IBIT) offsetting redemptions.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) logged $225.2 million in net inflows, according to data from SoSoValue.
The gains were driven largely by IBIT’s $322.4 million in inflows, which offset $89.3 million in outflows from Fidelity Wise Origin Bitcoin Fund (FBTC) and $28.2 million from Grayscale Bitcoin Trust ETF (GBTC), according to Farside data.