BlackRock's iShares Bitcoin Trust (IBIT) attracted $329 million in new investments on Monday, despite a drop in Bitcoin's value. US spot Bitcoin ETFs have experienced seven consecutive days of net buying amounting to over $2.5 billion. Fidelity's Bitcoin Fund (FBTC) also reported gains of approximately $6 million. However, competing ETFs such as Bitwise, ARK Invest/21Shares, VanEck, and Grayscale saw redemptions totaling over $40 million. Despite price fluctuations, Bitcoin ETFs continue to attract institutional interest, with IBIT surpassing Vanguard's Total Stock Market ETF in year-to-date inflows. As of October 18, IBIT held Bitcoin valued at $26.5 billion.



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