Markets· ★★★· bearish·

US spot Bitcoin ETFs see $244M daily outflow, only Franklin EZBC gains

  • —US spot Bitcoin ETFs posted a $244M net outflow on October 8
  • —Franklin EZBC was the only gainer, adding $4.71M for $330M total
  • —Fidelity FBTC bled $197M, cumulative inflows at $10.52B
  • —ETF net assets total $104.9B, equal to 6.38% of Bitcoin's market cap
Why it matters: Sustained ETF outflows add selling pressure on Bitcoin and point to weakening institutional demand.
#BTC
Source: PANews
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