Markets· ★★★★· bearish· October 11, 20:22

US Spot Bitcoin ETFs Shed $679 Million in Weekly Reversal

—US spot bitcoin ETFs saw $679 million in weekly outflows
—Withdrawals on Oct. 7–8 drove a $920 million swing in flows
—Two-week cumulative flows turned negative

Why it matters: Negative ETF flows point to weakening institutional demand and weigh on bitcoin's price.

Source: The Defiant

More stories in swipe mode🔥 Trending now: Hackers drained nearly $200M from hardware wallets — the ones sold as the safest option

More on this

Markets · yesterday

Bitcoin Recovers to $82,600 After $485 Million Week of US ETF Outflows

Markets · Oct 4

US spot Bitcoin ETFs drew $83M this week, led by BlackRock's IBIT

Markets · Oct 3

Grayscale's Zcash ETF sheds $93.56 million in a single week