Bitcoin ETFs See $102.7 Million Inflow on October 1

U.S. spot Bitcoin ETFs saw a significant shift in investor sentiment on October 1, with a net inflow of $102.7 million. This is a reversal from the previous day's net outflow of $148.7 million. BlackRock's iShares Bitcoin Trust (IBIT) led the way with a massive $195.6 million in inflows, making it the largest recipient of funds.

Other funds, such as Grayscale Bitcoin Mini Trust and MSBT, also saw significant inflows, with $14.6 million and $7 million, respectively. However, some funds, like Fidelity Wise Origin Bitcoin Fund, Grayscale Bitcoin Trust, and ARK 21Shares Bitcoin ETF, experienced net withdrawals, with outflows of $60.7 million, $31.4 million, and $7.7 million, respectively.

Over the past five trading days, U.S. spot Bitcoin ETFs have seen a combined $185.7 million in net inflows, bringing the total cumulative net flows since the funds launched to $57.667 billion.