Bitcoin ETFs lose $643 million in a day, wiping out the week’s inflows
Five funds recorded withdrawals on October 30, with no inflows elsewhere to cushion the reversal. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
US spot Bitcoin ETFs (exchange-traded funds) recorded $643 million in net outflows on Friday, October 30, according to Farside Investors. The withdrawals erased four consecutive sessions of inflows and pushed the October 26–30 week into a net outflow.
The funds had attracted a combined $440.8 million in net inflows from Monday through Thursday. Friday’s reversal left the completed week with $202.4 million in net outflows, turning an apparent recovery in the ETF channel into a weekly withdrawal.
Related ReadingWithdrawals extended across five of the 12 funds in Farside’s table. The other seven reported zero net flows, and none recorded an inflow to offset the redemptions. IBIT and FBTC were the two largest contributors to the day’s negative total.