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AI summary of a third-party reportBearishNewsDesk

US Bitcoin ETFs post $485m daily outflow, largest since June

Spot Bitcoin funds lost $485m on Wednesday, erasing October's inflows, while Ether ETFs fell for a seventh straight session.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: US Bitcoin ETFs post $485m daily outflow, largest since June
Image: Cointelegraph
Original reporting: Ezra Reguerra, Cointelegraph

Key points

  • US spot Bitcoin ETFs saw $485m in net outflows on Wednesday, the biggest since $692m left on 25 June.
  • BlackRock's IBIT led with $208m, ahead of Fidelity's FBTC at $105m and ARK 21Shares' ARKB at $102m.
  • US spot Ether ETFs lost $161m, a seventh straight outflow day, taking losses to about $569m since 29 September.

US spot Bitcoin ETFs recorded $485m in net outflows on Wednesday, the largest daily withdrawal since June, Cointelegraph reports. The move reversed Tuesday's $119m net inflow and wiped out the $322m that the funds had taken in over October's first four trading sessions, leaving them with roughly $163m in net outflows for the month so far.

BlackRock's iShares Bitcoin Trust led Wednesday's withdrawals at $208m, after taking in $122m the day before. Fidelity's FBTC followed with $105m and ARK 21Shares' ARKB with $102m, according to Farside Investors. The last bigger single-day exit was 25 June, when the funds lost $692m.

US spot Ether ETFs also fell, logging $161m in net outflows on Wednesday for a seventh consecutive losing session.

Read the full story on Cointelegraph

Live updates on NewsFeeds:ETFsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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