Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red

In brief

  • U.S. spot Bitcoin ETFs posted net outflows of $228.6 million this week, after losing $681.1 million the week before.
  • Outflows topped inflows on three of five trading days, with Wednesday’s $261.4 million exit the week’s worst session.
  • The funds are down about $615 million for October, though cumulative net inflows since launch still stand at $57.3 billion.

Bitcoin ETF investors spent another week heading for the exits.

U.S. spot Bitcoin ETFs shed $82.4 million on Friday, according to Decrypt’s ETF tracker, capping a week in which outflows outweighed inflows on three of five trading days.