BlackRock's $195.6M Inflow Sparks Bitcoin ETF Rebound

Bitcoin ETFs rebounded on October 1 after a nine-session streak of inflows came to an end on September 30. According to SosoValue data, the funds recorded $102.67 million in inflows on October 1, following a $148.7 million outflow the previous day.

BlackRock's IBIT led the comeback with $195.57 million in new money, helping the Bitcoin ETF market recover quickly from the previous day's broad selloff. This inflow more than offset the combined outflows from several other funds.

Grayscale's Bitcoin Mini Trust also recorded an inflow of $14.59 million, while Morgan Stanley's MSBT brought in another $7.04 million. These inflows added to the buying seen in the Bitcoin ETF market as investors returned after the previous day's selling.