BlackRock's IBIT investors throw $329M into ETF as Bitcoin dips 3%
Tue, Oct 22, 2024 4:52 PM

BlackRock's IBIT investors throw $329M into ETF as Bitcoin dips 3%

A Flip by Shubhangi Gupta
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Investors in BlackRock’s IBIT bought the dip, sending $329 million in inflows to the fund on Oct. 21 after Bitcoin slipped 3% in a day. The Fidelity Wise Origin Bitcoin Fund (FBTC) was the only other United States spot Bitcoin ETF to record an inflow, with $5.9 million on Oct. 21, while others recorded zero or negative flows. BlackRock’s IBIT continues to lead all spot Bitcoin ETF products.

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