U.S. Spot Bitcoin ETFs Lost About $910 Million in Two Weeks as October Flows Turned Negative:
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Bitcoin bounces at $82,400 after losing the $80,000, but October remains negative and US ETFs return $228.4 million. The entry The price of Bitcoin today: bounces at $82,000 but signs a ‘no Uptober’ aparece primero en Merca2.
Bitcoin (BTC) fell to $81,549 after failing to hold above $82,000; a weekly $228.6 million ETF outflow and persistent inflation are keeping the market under pressure.
Capital outflows from quoted funds, fear of new rate hikes in the United States, and weak institutional demand hold back the recovery of the world's largest cryptocurrency.
Bitcoin’s spot ETFs in the United States accumulated nearly $910 million in outflows for two weeks. Withdrawals coincided with higher inflation than anticipated and market volatility, which left October on negative ground.
U.S. Spot Bitcoin ETFs Lost About $910 Million in Two Weeks as October Flows Turned Negative:
HedgeCo.Net — U.S. spot bitcoin exchange-traded funds posted net outflows of $228.6 million in the week ended Friday, October 16, according to SoSoValue data cited by Decrypt, following a $681.1 million drain the week before. That brings two-week redemptions to roughly $910 million and leaves the funds down about $615 million for October after they opened the month with roughly $293 million of inflows. Friday’s session alone saw $82.4 million le…
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