Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday's Withdrawals

Bitcoin faces $82,900 test as ETF outflows hit $82 million, CoinLab models warn

🚨 $82.4 million left US-listed Bitcoin ETFs, with BlackRock's IBIT seeing the biggest outflow. 📉 $BTC hovers above $80,000 as CoinLab signals increased risk from negative ETF flows. 💡 Institutional selling pressures Bitcoin amid weak liquidity and high futures leverage. Continue Reading:Bitcoin faces $82,900 test as ETF outflows hit $82 million, CoinLab models warn

Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday's Withdrawals

TL;DR: US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million of withdrawals, with Fidelity’s FBTC recording about $10.6 million. BlackRock’s flagship spot Bitcoin ETF accounted for most of the selling as US-listed Bitcoin investment funds closed Friday’s session with net withdrawals of approximately $82.4 million. Farside Investors’ figures show that the iShares Bitc…

Crypto ETF Outflows Hit $166.78M as Bitcoin Faces Potential $75K Drop

TLDR: US spot Bitcoin ETFs lost $82.39M on October 16, with BlackRock’s IBIT accounting for $71.78M. Ethereum ETFs recorded $69.68M in outflows, marking their third consecutive day of withdrawals. Bitcoin open interest rose 4.5% as its price fell 2.68%, raising concerns about leveraged long positions. Cryptoinsightuk sees a possible BTC correction toward $75,000, but the [...]

Spot Bitcoin ETFs swing to $82.39 million net outflow in one day

Spot Bitcoin ETFs posted $82.39 million in net outflows on October 16 after attracting $5.06 million the previous day. IBIT and FBTC accounted for all reported withdrawals.

Bitcoin ETFs Recorded $82.39 Million in Outflows

Spot Bitcoin ETFs recorded $82.39 million in outflows, driven by BlackRock. Here's why this matters for the market.