
The $254 million inflow day was the third-largest ever on days when BlackRock’s IBIT failed to contribute.
United States-based spot Bitcoin exchange-traded funds tallied $253.6 million in net inflows on Oct. 11 — breaking three consecutive trading days of outflows.
The Fidelity Wise Origin Bitcoin Fund led all with a net inflow of $117.1 million, while the ARK 21Shares Bitcoin ETF saw $97.6 million, Farside Investors data shows.
The Bitwise Bitcoin ETF raked in $38.8 million — its largest in 11 trading days — while the Invesco Galaxy and VanEck Bitcoin ETFs saw inflows too.
The move diversifies spot crypto ETF custodians beyond Coinbase, which has dominated crypto custody for US issuers.
Asset manager 21Shares is adding Anchorage Digital Bank and BitGo as custodians for its spot cryptocurrency exchange-traded funds (ETF), according to a Sept. 12 announcement.
Anchorage Digital Bank and BitGo will join Coinbase, the existing custodian, in the custody of Bitcoin (BTC) and Ether (ETH) for 21Shares’ two United States spot crypto ETFs, ARK 21Shares Bitcoin ETF (ARKB) and 21Shares Core Ethereum ETF (CETH).
“We consider our custody partners to be crucial to the risk management […] of our product lineup, and diversification adds to the safety and security of our offering,” Andres Valencia, 21Shares’s head of investment management, said in a statement.