BlackRock's $195.57M Inflow Boosts Bitcoin ETFs Back into the Green

BlackRock's $195.57 million inflow into its Bitcoin ETF, IBIT, helped push the total flows back into the green on October 1, after a nine-session inflow streak ended with $149 million in outflows on September 30.

The $195.57 million inflow into IBIT more than offset the combined outflows from several other funds, including Grayscale's Bitcoin Mini Trust and Morgan Stanley's MSBT.

Other Bitcoin ETFs, however, still saw money leave their funds. Fidelity's FBTC recorded a $60.73 million outflow, while Grayscale's GBTC lost $31.39 million.

Despite these withdrawals, the strong flow into BlackRock's fund pushed the overall market back into the green.

The rebound came just one day after Bitcoin ETFs ended their nine-session run of inflows, with all 12 U.S. spot Bitcoin ETFs recording outflows on September 30.