U.S. Bitcoin ETFs see $643M outflows on Oct. 30, wiping out weekly gains amid heavy selling.
U.S. spot Bitcoin ETFs experienced $643.2 million in net outflows on October 30, marking their largest single-day withdrawal since June and reversing four days of inflows. BlackRock's IBIT led the outflows with $233.7 million withdrawn, followed by Fidelity and ARK 21Shares. Despite the heavy selling, cumulative inflows since January 2024 remain above $57 billion. Ether ETFs also faced significant losses, with $155.7 million withdrawn on the same day, contributing to $1.61 billion in outflows for October. Bitcoin traded below the average ETF purchase price, indicating potential investor caution going forward.
U.S. spot Bitcoin ETFs experienced $643.2 million in net outflows on October 30, marking their largest single-day withdrawal since June and reversing four days of inflows. BlackRock's IBIT led the outflows with $233.7 million withdrawn, followed by Fidelity and ARK 21Shares. Despite the heavy selling, cumulative inflows since January 2024 remain above $57 billion. Ether ETFs also faced significant losses, with $155.7 million withdrawn on the same day, contributing to $1.61 billion in outflows for October. Bitcoin traded below the average ETF purchase price, indicating potential investor caution going forward.
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