Bitcoin ETFs recorded net outflows of approximately $681.10 million for the week ending October 9, breaking a streak of three consecutive weeks of inflows. Fidelity recorded the largest outflows with $380.36 million, followed by ARK 21Shares Bitcoin ETF with $207.21 million. BlackRock, on the other hand, saw a modest net inflow of $1.02 million over the period. This trend marks a shift in sentiment among institutional investors following a market correction and a sharp downward trend in bitcoin. The outflows came after the funds had drawn massive inflows of nearly $2.4 billion in the previous two weeks.
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