Bitcoin ETFs draw $526.6 million in biggest inflow since September

U.S. spot Bitcoin exchange-traded funds drew about $526.6 million in net inflows on October 19, their biggest one-day gain since September 22, with BlackRock’s iShares Bitcoin Trust accounting for more than the market’s total net purchases. Ethereum and Solana funds recorded outflows that day. Data from SoSoValue put the Bitcoin ETF inflow at $526.7 million, while other flow trackers reported $526.6 million. BlackRock’s IBIT attracted about $665.2 million. That exceeded the combined net gain because Fidelity’s FBTC lost about $83.6 million and Grayscale’s GBTC shed about $54.9 million. Other Bitcoin ETFs recorded no net flows, according to the reported data. The session reversed a stretch of withdrawals. Bitcoin ETFs lost about $910 million over the preceding two weeks in one account, while another report put withdrawals at about $907 million. The funds also saw a $484.9 million outflow on October 7, followed by further selling later in the month. Despite Monday’s inflow, reports placed October net flows through October 19 at roughly $88 million to $90.5 million in outflows, using different stated bases or timing. The buying was not shared across major cryptocurrency funds....