U.S. Spot Bitcoin ETFs Lose $635.6 Million as IBIT Leads Outflows

U.S. spot Bitcoin (BTC) exchange-traded funds recorded $635.6 million in net outflows Thursday, Oct. 22, as withdrawals from BlackRock’s IBIT and Fidelity’s FBTC erased part of the inflows from the previous three sessions. BlackRock’s iShares Bitcoin Trust (IBIT) led the outflows with $254.1 million in net withdrawals. Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $217.5 million, and ARK 21Shares Bitcoin ETF (ARKB) shed $109.4 million. Together, IBIT and FBTC accounted for $471.6 million, or about 74%, of the day’s total. Grayscale Bitcoin Trust (GBTC) posted $29.5 million in net outflows, while Bitwise Bitcoin ETF (BITB) lost $27.4 million.