Economy · 3 d ago
Bitcoin ETFs shed US$643 million in a day, the most since June
Oct 26-29 inflows
US$440.8 million
Oct 30 outflow
US$643.2 million
Four days of inflows totalling US$440.8 million were wiped out on Friday, turning a positive week into a loss of about US$202 million.
Biggest outflows, Oct 30
- 1 BlackRock IBIT: US$233.7 million
- 2 Fidelity FBTC: US$201 million
- 3 ARK 21Shares ARKB: US$129.5 million
- 4 Grayscale GBTC: US$53.3 million
- 5 Bitwise BITB: US$25.7 million
Five funds led the withdrawals, headed by BlackRock's IBIT with US$233.7 million and Fidelity's FBTC with US$201 million.
What we know
- Bitcoin traded near US$77,364 on Oct 31
- October ended with net outflows
Not yet
- Whether the Binance breach drove the sales
Bitcoin ETFs ended October with about US$516 million in net outflows, and the data do not show why investors sold.
