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Bitcoin ETFs See $635M Outflows in Red October

US spot Bitcoin ETFs recorded $635 million in net outflows on Thursday, according to SoSoValue data. The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million. Despite the daily loss, the funds still had $443 million in net inflows for the week.

The Thursday withdrawal was the largest single-day net outflow since June 25 and ended a three-day inflow streak. Ether, Solana and Hyperliquid ETFs also recorded net outflows on Thursday, while XRP ETFs drew about $3.6 million in net inflows.

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