US Spot Bitcoin ETFs Shed $409.2M in October 12–16 Outflows as BTC Slips Below $81K
- —US spot BTC ETFs saw $409.2M in net outflows over October 12–16
- —IBIT lost about $240M, FBTC shed $163.2M
- —Outflows eased roughly 50% from $818.8M the prior week
- —BTC touched $80,250 and needs to reclaim $84,000 to stabilize
Why it matters: Weak institutional demand and geopolitical risk are weighing on Bitcoin; a move back above $84,000 is needed to halt the slide.
Source: Cryptonews.net