Net outflows occur in US spot Bitcoin ETFs, while medium-to-long-term demand remains
IBIT iShares Bitcoin Trust ETF
$46.55 +0.63%
View chart & analysis → - 1On October 7, US spot Bitcoin ETFs recorded net outflows of $484.9 million.
- 2Funds flowed out of several funds on October 7, including $207.7 million in withdrawals from BlackRock IBIT.
- 3Tracked products recorded net inflows of -$162.88 million over 5 days, but $1.76 billion flowed in over 30 days.
So what's the key point?
$484.9 million flowed out of US Bitcoin ETFs. While money left over the last 5 days, $1.76 billion flowed in over a 30-day period.
Source Cryptonews +1 · View original ↗
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