Spot Bitcoin ETFs Shed $729M in Two Sessions as Holders Exit at Breakeven
- —US spot BTC ETFs lost $484.9M on Oct 7 and $244.1M on Oct 8
- —Estimated average entry price for ETF holders is $81,722; BTC trades near $81,607
- —BlackRock's IBIT took in $332.5M in October, while Fidelity's FBTC bled more than the entire market
- —Spot ETH ETFs posted an eighth straight day of outflows, losing $641.3M since Sept 29
Why it matters: Breakeven has turned into resistance: ETF holders are exiting, removing the inflows that fueled September's rally.
Source: BeInCrypto AR