Markets· ★★★★· bearish·

US spot bitcoin ETFs bleed $138M as outflows stretch to second day

  • —Oct. 23 net outflow from US spot BTC ETFs was $137.94 million
  • —Two-day outflows reached $773.43 million after $635.49 million the prior day
  • —IBIT lost $110.34 million, FBTC $31.78 million; MSBT gained $4.19 million
  • —Cumulative net inflows into US spot BTC ETFs stand at about $57.18 billion
Why it matters: A second straight day of redemptions from the largest ETFs weighs on demand and adds pressure on BTC near $80,000.
#BTC
Source: Bloomingbit
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