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Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks
Original: Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
US spot Bitcoin exchange-traded funds have seen roughly $1 billion in outflows over the past two weeks, defying the 'Uptober' pattern of October gains as Bitcoin trades down for the month. The sustained redemptions mark a sharp reversal from the strong institutional inflows earlier in the year, prompting analysts to question whether institutional appetite for Bitcoin is cooling.
Why now: A rare month of October losses combined with heavy ETF outflows is raising concerns about weakening institutional demand for Bitcoin.
BitcoinBitcoin ETFsUS Securities and Exchange Commission
Evidence
- Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red · Decrypt
- Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red · Yahoo Finance
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