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      Bitcoin spot ETFs saw net outflows of $487 million yesterday, with BlackRock's IBIT leading at $208 million

      PANews reported on October 8 that, according to SoSoValue data, Bitcoin spot ETFs saw total net outflows of $487 million yesterday (October 7, US Eastern Time).

      The Bitcoin spot ETF with the largest single-day net outflow yesterday was BlackRock's ETF IBIT, with a single-day net outflow of $208 million; IBIT's cumulative historical net inflow now stands at $65.717 billion.

      It was followed by Fidelity's ETF FBTC, with a single-day net outflow of $105 million; FBTC's cumulative historical net inflow now stands at $10.716 billion.

      As of the time of writing, the total net asset value of Bitcoin spot ETFs was $107.401 billion, with the ETF net asset ratio (market value as a share of Bitcoin's total market cap) reaching 6.41%, and cumulative historical net inflows reaching $57.330 billion.


      Source: PANews
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