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US Bitcoin ETFs shed $635 million in one day

Original: US Bitcoin ETFs see $635 million outflow, erasing October gains Thursday withdrawals pushed US spot Bitcoin ETF net flow

US spot Bitcoin exchange-traded funds recorded $635 million in withdrawals on Thursday, wiping out their gains for October. The outflows pushed the month's net flows to minus $175 million and ended a three-day inflow streak. Altcoin ETFs also saw money leave, with investors weighing what the broad retreat signals about appetite for crypto funds.

Why now: A single-day outflow large enough to erase a month of gains raises concerns about weakening institutional demand for Bitcoin.

US spot Bitcoin ETFsBitcoinaltcoin ETFs

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Evidence

• US Bitcoin ETFs see $635 million outflow, erasing October gains Thursday withdrawals pushed US spot Bitcoin ETF net flows for October to -$175M, ending a three-day inflow streak. Altcoin ETFs also saw outflows. https:// newisty.com/blog/us-bitcoin-et… · newisty · 1

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