Bitcoin ETFs Record $773 Million in Two-Day Outflows as BTC Price Tests $80,000
BTC when published $80,563Now $80,595 ▲ +0.04% since it was published
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $137.94 million in net outflows on Oct. 23, according to SoSoValue data. Combined with the previous day's $635.49 million in withdrawals, the largest single-day outflow since late June, total net outflows over the two sessions reached $773.43 million. BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest outflow on Oct. 23, at $110.34 million. Fidelity's Wise Origin Bitcoin Fund (FBTC) saw $31.78 million leave the fund, while Morgan Stanley's MSBT recorded net inflows of $4.19 million. Despite the withdrawals, weekly Bitcoin ETF flows remained positive at approximately $228.2 million. The outflows came after news that Franklin Templeton, an asset manager with $1.8 trillion in assets, received Nasdaq approval to list two Bitcoin-focused ETFs, according to U.Today.
First reported by U.Today. This page is a short excerpt; the full text is theirs.
