📊 LATEST: U.S. spot Bitcoin ETFs saw $487M in net outflows on Wednesday, their largest daily outflow since June 25, with BlackRock’s IBIT accounting for $207.7M of the total.$SOL
What is happening?
• U.S. spot Bitcoin ETFs recorded $487M in net outflows $BTC
• It was the largest daily outflow since June 25 $BNB
• BlackRock’s IBIT saw $207.7M in outflows
• ETF flows showed a sharp reversal in institutional demand
What this suggests
The heavy outflows point to increased selling pressure across spot Bitcoin ETFs, with investors reducing exposure during the session.
Market takeaway: The $487M withdrawal marks a notable deterioration in Bitcoin ETF flows and puts near-term institutional demand firmly in focus.
#FedMinutesFocusOnOctoberPause #altcoins #FedMinutesFocusOnOctoberPause
What is happening?
• U.S. spot Bitcoin ETFs recorded $487M in net outflows $BTC
• It was the largest daily outflow since June 25 $BNB
• BlackRock’s IBIT saw $207.7M in outflows
• ETF flows showed a sharp reversal in institutional demand
What this suggests
The heavy outflows point to increased selling pressure across spot Bitcoin ETFs, with investors reducing exposure during the session.
Market takeaway: The $487M withdrawal marks a notable deterioration in Bitcoin ETF flows and puts near-term institutional demand firmly in focus.
#FedMinutesFocusOnOctoberPause #altcoins #FedMinutesFocusOnOctoberPause