US Spot Bitcoin and Ether ETFs Report $648M Outflows
US spot-Bitcoin exchange-traded funds registered $484.9 million in net outflows in a single day, marking the largest daily withdrawal since June 25.
Update (Oct 8, 06:28 UTC): According to Pluang, U.S. spot Bitcoin and Ether exchange-traded funds recorded a combined outflow of $648 million.
US spot-Bitcoin exchange-traded funds recorded $484.9 million in net outflows in a single day, according to data reported by bloomingbit. The withdrawal figure represents the largest single-day net outflow for the products since June 25.
Instant Telegram notifications for large on-chain moves.
Daily Flows
The sharp decline in fund balances reflects broad market movements affecting digital asset investment products. The data highlights a notable shift in institutional and retail capital allocation within US-listed spot exchange-traded funds.
Key Facts
- US spot-Bitcoin ETFs saw $484.9 million in net outflows in a single day.
- The figure marks the largest daily outflow since June 25, according to bloomingbit.
Source: news.google.com
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
