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Bitcoin ETF net outflows resume amid worsening market volatility

CryptoProwl ·

BLK Blackrock Inc
$1118.25 -1.67%
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IBIT IBIT -0.22%
  1. 1On October 22, total net outflows for US spot Bitcoin ETFs reached $635.6 million.
  2. 2On October 22, the iShares Bitcoin Trust recorded net outflows of $254.1 million.
  3. 3Bitcoin prices fell by 5% during the month of October.

So what's the key point?

As market uncertainty grows, $635.6 million has flowed out of Bitcoin-related products. This indicates that investors are withdrawing funds as Bitcoin prices have dropped by 5 percent.

Source CryptoProwl · View original ↗

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