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Bitcoin

Bitcoin ETFs Bleed $262M as BTC Sinks Below $81K: What’s Next?

Image: The Coin Republic

Key Insights Bitcoin ETFs recorded $261.4 million in outflows on Oct. 14 as BTC price fell below $81,000. Fidelity and BlackRock led withdrawals, pushing weekly Bitcoin ETF outflows to approximately $151 million. US inflation reached 3.7% in September, adding pressure as the Bitcoin price approached $80,000. Bitcoin ETFs recorded $261.4 million in net outflows on Oct. 14 as Bitcoin fell below $81,000. The retreat followed hotter U.S. inflation data as traders weighed potential interest-rate increases. Farside Investors recorded Wednesday’s withdrawals after a $175.7 million inflow in the previous session. CoinGecko showed the Bitcoin price near $81,000 on Oct. 15, extending pressure on the broader cryptocurrency market. Bitcoin ETFs Lose $262 Million as Fidelity Leads Redemptions Farside Investors data showed uneven withdrawals across Bitcoin ETFs on Wednesday.

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