BlackRock’s IBIT Shines as Crypto ETFs Face Heavy Outflows

The post BlackRock’s IBIT Shines as Crypto ETFs Face Heavy Outflows appeared first on Coinpedia Fintech News

On October 13, Ethereum spot ETFs saw $429 million in net outflows for the third straight day, while Bitcoin spot ETFs recorded $327 million in withdrawals. Amid the sell-off, BlackRock’s IBIT was the lone bright spot, posting a net inflow of about $60 million. The move highlights investor confidence in IBIT despite overall bearish ETF sentiment, reinforcing its dominance in the institutional Bitcoin investment space.