$643M out in one day: spot Bitcoin ETFs just logged a heavy Friday.
Per KuCoin's news flash, US spot Bitcoin ETFs saw a $643 million net outflow on October 30, with IBIT leading. That landed the same day $BTC slid toward $77K after the exchange hack headlines.
My take: ETF flows tend to follow price, so one big red day says more about nerves than conviction. A few green days in a row would change the picture.
Do you read this as institutions stepping back, or just a one-day reaction? Not financial advice.
#Bitcoin #BitcoinETF #CryptoNews $BTC
Per KuCoin's news flash, US spot Bitcoin ETFs saw a $643 million net outflow on October 30, with IBIT leading. That landed the same day $BTC slid toward $77K after the exchange hack headlines.
My take: ETF flows tend to follow price, so one big red day says more about nerves than conviction. A few green days in a row would change the picture.
Do you read this as institutions stepping back, or just a one-day reaction? Not financial advice.
#Bitcoin #BitcoinETF #CryptoNews $BTC