Bitcoin ETFs bleed $635M as October slides back into the red
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.