US Spot Bitcoin ETFs See $148.69M Net Outflow, Ending 10-Day Inflow Streak
- —Total net outflow from US spot bitcoin ETFs reached $148.69 million in a single day
- —Fidelity FBTC saw the largest outflow at $125.58 million
- —BlackRock IBIT and Bitwise BITB lost $9.48 million and $13.63 million respectively
- —Year-to-date net inflows stand at $930.4 million, with $2.65 billion in September
Why it matters: The first outflow in 10 days signals a potential cooling of institutional demand for bitcoin.
Source: Bloomingbit