Bitcoin ETFs see $643 million outflow in a day, erasing the week's inflows
Bitcoin ETFs lost $643 million in one day as five funds recorded withdrawals on October 30. That outflow wiped out all the inflows the funds had gathered earlier in the week. For traders, the reversal shows that money leaving bitcoin funds can quickly outweigh earlier buying interest.
Why it matters
- Five bitcoin ETFs saw withdrawals on the same day, pointing to broad selling by investors.
- No funds recorded inflows that day, so nothing offset the outflows.
- The $643 million outflow erased the week's inflows, changing the weekly flow picture.
What to watch next
Watch whether bitcoin ETF flows turn positive again or whether withdrawals continue over the next few trading sessions.
