Market Flux Event
US Spot Bitcoin ETFs Post $643M Single-Day Outflow, Largest Since June
Read this in the Market Flux appU.S. spot Bitcoin ETFs recorded $643.33 million in net outflows on October 30, their largest single-day withdrawal since June, erasing four consecutive sessions of inflows and leaving the week in negative territory overall.
BlackRock's IBIT led individual fund losses with $233.70 million in outflows, followed closely by Fidelity's FBTC, which shed $201.04 million. The two funds together accounted for more than two-thirds of the day's total withdrawals.
The selling extended across the broader crypto ETF complex. Combined net withdrawals from U.S. spot funds covering Bitcoin, Ethereum, Solana, Hyperliquid and Zcash reached approximately $688 million over the October 26-30 week, underscoring a broad retreat from crypto fund products heading into the end of October.
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Sources
- Altcoin BuzzBitcoin ETFs See $643M Outflows as BlackRock IBIT Leads
- Cointelegraph🇺🇸 ETFS: The US $BTC ETFs saw their largest single day outflows since June with over $643M flowing out in a single day.
- CoinGapeMedia🇺🇸 ETFs: US spot #Bitcoin ETFs recorded their largest single-day outflows since June, with over $643 million flowing out in a single day.
- CoinspressBitcoin ETF Outflows Hit $643M as Ethereum Selling Deepens
- Crypto NewsBitcoin ETFs shed $643m in biggest daily outflow since June