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

BlackRock’s Bitcoin fund carried over to the rest of the United States spot Bitcoin ETFs, which recorded a net inflow of $294 million on Oct. 21. 

Investors in BlackRock’s iShares Bitcoin Trust (IBIT) have 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 of $5.9 million on Oct. 21, while others recorded zero or negative flows. 

Flows for the US spot Bitcoin ETFs on Oct. 21 (Green). Source: Farside Investors

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