Bitcoin ETFs see $244M outflows on Oct 8, continuing a two-day withdrawal trend.
U.S. spot Bitcoin ETFs experienced net outflows of $244.1 million on October 8, marking the second consecutive day of withdrawals after $484.9 million was pulled on October 7. Over the past five trading days, total net outflows reached $510.1 million. The Fidelity Wise Origin Bitcoin Fund led the withdrawals with $197.1 million on October 8, while Franklin Bitcoin ETF was the only fund to see inflows, adding $4.7 million. Despite recent outflows, cumulative net inflows since these funds launched remain strong at $57.157 billion, indicating sustained investor interest over the long term.
U.S. spot Bitcoin ETFs experienced net outflows of $244.1 million on October 8, marking the second consecutive day of withdrawals after $484.9 million was pulled on October 7. Over the past five trading days, total net outflows reached $510.1 million. The Fidelity Wise Origin Bitcoin Fund led the withdrawals with $197.1 million on October 8, while Franklin Bitcoin ETF was the only fund to see inflows, adding $4.7 million. Despite recent outflows, cumulative net inflows since these funds launched remain strong at $57.157 billion, indicating sustained investor interest over the long term.
What's Your Reaction?
