Bitcoin ETFs bleed $635M as October slides back into the red
BTC when published $81,776Now $80,595 ▼ −1.44% since it was published
Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October. US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October’s flows back into the red. The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million, according to SoSoValue data. It was the largest single-day net outflow since June 25, when Bitcoin ETFs lost $696 million. The withdrawals snapped a three-day inflow streak that attracted $1.08 billion. Bitcoin ETFs still had weekly net inflows of $443 million. The funds had recorded two consecutive weeks of outflows before the rebound. Bitcoin traded between $80,996 and $82,551 on Thursday, down from Wednesday’s intraday high of $84,777.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
