US Bitcoin ETFs shed $485M in biggest daily outflow since June
BTC when published $82,814Now $80,595 ▼ −2.68% since it was published
Bitcoin ETFs erased October’s net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session. US spot Bitcoin exchange-traded funds (ETFs) recorded $484.9 million in net outflows on Wednesday, reversing Tuesday’s $118.8 million net inflow. The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors. Wednesday’s outflows wiped out the $321.6 million in net inflows recorded over October’s first four trading sessions, leaving Bitcoin ETFs with approximately $163 million in net outflows for the month.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
