šØ Nearly $485M Leaves U.S. Bitcoin ETFs
U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows on October 7, reversing the previous sessionās $118.8 million inflow.
BlackRockās IBIT accounted for about $207.7 million of the outflow.
š Why traders care:
ETF flows are one of the clearest indicators of institutional demand. A large one-day outflow does not automatically mean a long-term bearish trend, but it is an important signal to monitor.
#bitcoin #BTC #BitcoinETF #CryptoNews #InstitutionalCrypto
U.S. spot Bitcoin ETFs recorded approximately $484.9 million in net outflows on October 7, reversing the previous sessionās $118.8 million inflow.
BlackRockās IBIT accounted for about $207.7 million of the outflow.
š Why traders care:
ETF flows are one of the clearest indicators of institutional demand. A large one-day outflow does not automatically mean a long-term bearish trend, but it is an important signal to monitor.
#bitcoin #BTC #BitcoinETF #CryptoNews #InstitutionalCrypto