US Bitcoin ETFs Experience Significant Outflows
- US spot Bitcoin ETFs saw $484.9 million in net outflows on Wednesday.
- This marked the largest daily outflow since June, which recorded $691.7 million in losses.
- The withdrawals reversed a previous inflow of $118.8 million from Tuesday.
- Overall, Bitcoin ETFs have approximately $163 million in net outflows for October.
- On Thursday, Bitcoin traded around $82,700, down about 2% over the past day.
- US spot Ether ETFs also faced challenges with $160.9 million in net outflows on Wednesday.
The recent trend indicates a significant shift in investor sentiment, as both Ethereum and Bitcoin ETFs are experiencing substantial withdrawals over consecutive trading sessions.
Wednesday’s outflows of nearly $485 million highlight a critical moment for Bitcoin ETFs this month, following a series of positive inflows earlier in October.
