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Cointelegraph

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…

Photo: Cointelegraph

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.

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Originally published by Cointelegraph. Read the full story at the source →

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