Nearly $1B Outflows From $BTC ETFs - Uptober Stays RED

U.S. Spot Bitcoin ETFs just had another brutal week.

The Numbers:
This week: -$228.6M net outflows
Last week: -$681.1M net outflows
Total in 2 weeks: ∼$909.7M GONE
Worst day: Wednesday -$261.4M
October so far: -$615M

Investors are heading for the exits for 3 out of 5 trading days this week.

But context matters: Cumulative net inflows since launch are still at $57.3 Billion.

Is this a healthy correction before the next leg up, or is the Uptober narrative officially dead?

Bullish or Bearish? Comment below 👇

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