US Bitcoin ETFs Record $679 Million in Weekly Outflows
US Bitcoin ETFs posted $679 million in weekly net outflows, with withdrawals on Oct. 7–8 reversing the previous week's positive flows, The Defiant reported.
US Bitcoin exchange-traded funds recorded net outflows of $679 million for the week, reversing the prior week's inflows, according to The Defiant.
Withdrawals on Oct. 7 and 8 drove the reversal. Weekly net flows deteriorated by $920 million compared with the preceding week.
The outflows more than erased the previous week's gains, pushing combined flows for the two-week period into negative territory.
Source: The Defiant
