Crypto
BlackRock Dominates US Spot Bitcoin ETF Inflows with $292 Million
US spot Bitcoin exchange-traded funds (ETFs) saw significant inflows this week, with a total of $82.9 million in net inflows. BlackRock's IBIT led the trend, taking in a substantial $292 million. This is in contrast to Fidelity's FBTC and Grayscale's GBTC, which posted net outflows of $167.9 million and $54.6 million, respectively. Ark Invest and 21Shares' ARKB recorded net inflows of $25.5 million, while Grayscale's Bitcoin Mini Trust BTC added $24.9 million. Data from Farside Investors on Oct. 4 shows the weekly net inflows for U.S. Bitcoin ETFs.