🚨 BITCOIN SPOT ETFs SEE $681M IN WEEKLY OUTFLOWS
Bitcoin spot ETFs faced a major capital outflow during October 5–9, bringing an end to three consecutive weeks of net inflows, according to SoSoValue.
📉 Total Net Outflows: $681 million
🔻 Largest Outflow: Fidelity’s FBTC, with $380 million
💰 Total ETF Net Asset Value: $105.84 billion
The latest figures point to a shift in institutional ETF flows. However, outflows alone don’t confirm Bitcoin’s next direction. Traders will be watching upcoming flows and price action for further clues. 👀₿
Trade $BTC here 👇
Bitcoin spot ETFs faced a major capital outflow during October 5–9, bringing an end to three consecutive weeks of net inflows, according to SoSoValue.
📉 Total Net Outflows: $681 million
🔻 Largest Outflow: Fidelity’s FBTC, with $380 million
💰 Total ETF Net Asset Value: $105.84 billion
The latest figures point to a shift in institutional ETF flows. However, outflows alone don’t confirm Bitcoin’s next direction. Traders will be watching upcoming flows and price action for further clues. 👀₿
Trade $BTC here 👇