In brief – U.S. spot Bitcoin ETFs posted net outflows of $228.6 million this week, after losing $681.1 million the week before. – Outflows topped inflows on three of five trading days, with Wednesday’s $261.4 million exit the week’s worst session. – The funds are down about $615…
llion for October, though cumulative net inflows since launch still stand at $57.3 billion. Bitcoin ETF investors spent another week heading for the exits
U.S. spot Bitcoin ETFs shed $82.4 million on Friday, according to Decrypt’s ETF tracker, capping a week in which outflows outweighed inflows on three of five trading days. The funds lost a net $228.6 million for the week, according to SoSoValue, following a $681.1 million drain the week before. Over the two weeks, about $910 million has left the funds.
It was a choppy stretch. A $175.7 million inflow on Tuesday was wiped out a day later by $261.4 million in redemptions, the week’s worst session. Thursday brought a modest $5.1 million inflow before selling resumed Friday.