Bitcoin ETF Outflow Total Disputed: $409M vs $643M
BlockchainReporter and CryptoBriefing both cover the October 30 Bitcoin ETF outflows following the Binance hack, but report different total figures and disagree on whether BlackRock’s IBIT had even reported a number.
BlockchainReporter and CryptoBriefing both cover the October 30 Bitcoin ETF outflows following the Binance hack, but report different total figures and disagree on whether BlackRock’s IBIT had even reported a number.
What all sources agree on
- Fidelity’s FBTC shed approximately $201 million on October 30.
- The outflows ended a four-day inflow streak running from October 26 to October 29.
- Cumulative net inflows into US spot Bitcoin ETFs since launch stand at approximately $57 billion.
- The outflows followed a Binance security incident reported around October 29 involving approximately $6.3 billion.
Where the reports disagree
1Total net outflow figure for October 30
US spot Bitcoin ETFs had $409.5 million in net outflows on October 30, with IBIT’s figure not yet reported.
US spot Bitcoin ETFs saw $643 million in net outflows on October 30, with IBIT contributing approximately $234 million.
What would settle it: Farside Investors’ published daily ETF flow data for October 30.
2Whether BlackRock’s IBIT had reported a flow figure, and its amount
BlackRock’s IBIT, the fund that carried nearly all of the prior four days of buying, had not yet reported a figure for the session.
BlackRock’s iShares Bitcoin Trust (IBIT) was the largest single contributor to the Bitcoin outflow. It accounted for approximately $234 million of the total.
What would settle it: BlackRock’s own fund flow disclosure or Farside Investors’ updated table showing IBIT’s October 30 line.
What to make of it
Treat Fidelity’s roughly $201 million FBTC outflow and the end of the four-day inflow streak as established; the overall size of the October 30 outflow and IBIT’s role in it remain unsettled until Farside Investors or BlackRock publish a reconciled figure.
Treat Fidelity’s roughly $201 million FBTC outflow and the end of the four-day inflow streak as established; the overall size of the October 30 outflow and IBIT’s role in it remain unsettled until Farside Investors or BlackRock publish a reconciled figure.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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