US spot Bitcoin ETFs saw $228.6 million in outflows during the week ending October 16, bringing month-to-date net outflows to approximately $615 million, with some tallies closer to $618 million. BlackRock’s iShares Bitcoin Trust led the retreat with roughly $165 million leaving during the week, including $71.8 million on October 16 alone. The largest single-day outflow occurred on October 7, when $487.1 million exited the funds. Cumulative inflows since the January 2024 launch have reached approximately $56.88 billion, with total assets under management at $104.29 billion as of mid-October. The funds collectively hold roughly 1.276 million BTC and October’s outflows represent well under 1% of total AUM.
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