Bitcoin ETFs Lose $635M, Turning October Flows Negative
Edited by Steinar Vigdel Kolnes, Editor, Oslo
US spot Bitcoin ETFs recorded $635 million in withdrawals on Thursday, pushing October’s net flows to a $175 million deficit.
Investors withdrew $635 million from US spot Bitcoin exchange-traded funds on Thursday, according to Cointelegraph.
The withdrawals reversed three consecutive days of net inflows, interrupting a brief run of positive flows into the funds.
Following Thursday’s activity, October’s cumulative balance stood at $175 million in net outflows, putting the month back in negative territory.
Source: Cointelegraph
