Bitcoin Spot ETF Surges with $18.53 Billion Net Inflow Amidst Major Institutional Movements

As of October 6, recent data from Farside Investors highlights significant movements in the U.S. Bitcoin spot ETF market. The latest figures indicate a cumulative net inflow of $18.53 billion since the ETF’s inception. Notably, Grayscale’s GBTC has experienced a substantial net outflow of $20.11 billion, reflecting ongoing shifts in investor sentiment. In contrast, BlackRock’s IBIT has garnered a considerable net inflow of $21.558 billion, showcasing robust institutional interest. Additionally, Fidelity’s FBTC has also made a notable impact with a net inflow of $9.847 billion. These trends underscore the evolving landscape of cryptocurrency investments, signifying the ongoing competition among major financial institutions in the rapidly changing crypto ecosystem.