BlackRock Leads US Spot Bitcoin ETF Surge with $195.6 Million Inflows
US spot Bitcoin exchange-traded funds (ETFs) saw a significant influx of money on October 1, with a total of $102.7 million in daily net inflows. BlackRock's IBIT led the gains, drawing in $195.6 million in net inflows. This is a notable increase from previous days, with some funds experiencing net outflows.
While Fidelity's FBTC and Grayscale's GBTC posted net outflows, with $60.7 million and $31.4 million respectively, BlackRock's IBIT was a clear standout. Grayscale's Mini Bitcoin Trust and Morgan Stanley's MSBT also saw significant inflows, with $14.6 million and $7 million respectively.
These figures bring the total net inflows for US spot Bitcoin ETFs to $2.65 billion in September and $1.03 billion for the year. This trend suggests that investors are increasingly interested in Bitcoin and its associated funds.