Spot Bitcoin ETFs see $75M in net inflows as BlackRock’s IBIT sheds $201M

Rival Bitcoin funds outpaced the biggest name in the room, while ether ETFs finally snapped a seven-day outflow streak US spot Bitcoin ETFs pulled in $74.6 million in net inflows on Wednesday. That would be a fairly routine headline, except the largest fund in the category was heading the other way. BlackRock’s iShares Bitcoin Trust (IBIT) recorded a net outflow of $201 million on the same day. The rest of the Bitcoin ETF field picked up the slack, and then some. Spot ether ETFs had a better day too. They added $53 million in net inflows, which ended a seven-day run of outflows for the product group. The math behind a mixed day Start with the arithmetic, because it tells most of the story. If the category finished up $74.6 million while IBIT lost $201 million, the other Bitcoin ETFs had to bring in $275.6 million combined. A single day of IBIT redemptions does not make a trend. The fund has posted strong sessions in the same stretch, including a +$665 million inflow, according to the research data. The broader category has been similarly jumpy. Bitcoin ETF flows turned negative on several days in late October, and the group recorded a –$398.6 million day on November 2. Ether funds ...