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BlackRock Bitcoin ETF Sees Record Inflows

On October 30, BlackRock's Bitcoin ETF (IBIT) registered inflows of 875 million USD.

By Mike Hesp
• 2 min read
BlackRock Bitcoin ETF Sees Record Inflows

On October 30, BlackRock's Bitcoin ETF (IBIT) registered inflows of 875 million USD. This is the highest value since trading started in January.

This keeps IBIT as the most successful Bitcoin Spot ETF. In total, 25.8 billion USD has flowed into BlackRock's Bitcoin product, equivalent to about 429,000 BTC, according to data from Farside.

In second and third place (excluding Grayscale) are Fidelity with 10 billion USD and Bitwise with 2.3 billion USD.

Net inflows of all eleven spot ETFs total 24.24 billion USD, due to sizable outflows at Grayscale. The world's largest asset managers have thus collected just over one million BTC in under 12 months.

It's worth noting that BlackRock and other providers don't buy this BTC themselves, but offer investors regulated access to Bitcoin. For eight of the eleven BTC ETFs, Coinbase provides custody.

The Ethereum Spot ETF is also available at BlackRock, but it performs worse than the Bitcoin product. Overall, ETH ETFs show a net loss of 481 million USD, largely driven by outflows at Grayscale.

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