BlackRock's spot Bitcoin ETF, the IBIT fund, continues to be popular among investors, attracting $318 million in net inflows despite a 4% drop in Bitcoin's price. The fund had a record-breaking performance of $875 million on October 30, and its weekly inflows have exceeded $2 billion. In contrast, other ETF providers saw significant redemptions, with Fidelity's FBTC experiencing $75 million in net outflows. Despite mixed performance, IBIT's influx helped the US spot Bitcoin ETF group maintain positive momentum and add over $30 million in new investments, marking the seventh consecutive day of net inflows for the sector. Since its launch, IBIT has accumulated nearly $30 billion in assets, with over half of that collected in the past month. The combined holdings of US spot ETFs now exceed 1 million Bitcoin.



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