Bitcoin ETF Outflows Hit $643M, but BlackRock Bucks Trend

Share

U.S. spot Bitcoin funds recorded $643.2 million in net withdrawals on October 30, erasing inflows from the previous four sessions and pushing both the week and the month into negative territory. BlackRock recorded the largest single-fund withdrawal with its IBIT, which lost $233.7 million on Friday, but still finished October with $932.1 million in net inflows. The remaining Bitcoin funds collectively posted approximately $1.45 billion in monthly outflows, while Ether funds recorded $155.7 million in withdrawals on Friday. Despite the latest selling, cumulative net inflows into U.S. spot Bitcoin ETFs stood at approximately $57.05 billion since their January 2024 launch.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items