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bitcoin newsOct 12, 2026AI summary

Bitcoin Holds Above $80,000 Despite $681M in Weekly ETF Outflows

Bitcoin remained above $80,000 as U.S. spot bitcoin ETFs recorded roughly $681 million in weekly outflows and Brent crude traded above $100.

Bitcoin Holds Above $80,000 Despite $681M in Weekly ETF Outflows

Bitcoin traded above $80,000 despite a week of net withdrawals from U.S. spot bitcoin exchange-traded funds, according to Bitcoin.com News.

The funds saw roughly $681 million leave over the week, putting institutional demand in focus even as bitcoin held above that price level.

Meanwhile, Brent crude traded above $100 amid renewed tensions in the Middle East. Bitcoin's ability to maintain its level came against a backdrop of higher oil prices and weaker ETF flows.

Source: Bitcoin.com News

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