Bitcoin ETFs Face Roughest Run Since April as Banks Stay Shut

Institutional appetite faded fast. Spot Bitcoin ETFs in the US saw roughly $228 million of net withdrawals between October 12 and 16, following $681 million the week before, for a two-week total of $909 million. That is the biggest pullback since April. Price action matched the mood: Bitcoin slid under $82,000, with about $771 million in positions liquidated in a single day earlier in the week, then nearly $1 billion more on October 15 as Bitcoin, Ether, and XRP dropped together. BTC finished the week near $81,400. TL;DR US spot Bitcoin ETFs lost $909 million over two weeks, the heaviest institutional selling since April, while nearly $1 billion in leveraged positions was wiped out on October 15.

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