BlackRock’s IBIT Sees Inflows Amid $326.4M Bitcoin ETF Outflow
U.S. spot bitcoin ETFs saw the largest daily outflow since September 26, with $326.4 million exiting on Monday.
BlackRock’s iShares Bitcoin Trust (IBIT) continued to attract inflows despite a broader market trend of outflows.
IBIT recorded $134 million in new inflows over two trading sessions, even as [bitcoin's](https://holder.io/coins/btc/) price dropped from $122,000 to $107,000.
While IBIT has seen inflows for 10 consecutive days, recent sessions have witnessed reduced inflow amounts ($74.2 million and $60.4 million).
Historically, IBIT's inflows have mirrored [bitcoin's](https://holder.io/coins/btc/) price movements, with inflows during rallies and outflows after price drops.
Since reaching an all-time high of $126,000 on October 6, [bitcoin](https://holder.io/coins/btc/) experienced a 20% correction, yet IBIT maintained consistent inflows.
U.S. Market Returns Decline
[Bitcoin's](https://holder.io/coins/btc/) performance during U.S. trading hours has weakened significantly since its peak.
In early October, [bitcoin](https://holder.io/coins/btc/) was up over 10% during U.S. hours but has now decreased to 1.7%.
Despite the decline, [bitcoin](https://holder.io/coins/btc/) still outperforms during U.S. hours compared to European and Asian sessions, which show negative returns.
