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Bitcoin

Bitcoin ETFs Lose $203M as Friday Rout Wipes out Weekly Gains

Image: Bitcoin.com News

Bitcoin ETFs lost $202.59 million in the week through Oct. 30 after a violent Friday reversal erased four days of inflows. Ether suffered an even steeper $431.53 million withdrawal, while solana posted its largest weekly outflow on record. For most of the week, bitcoin exchange-traded funds (ETFs) appeared to be quietly rebuilding momentum. Then Friday arrived. Funds attracted $110.34 million Monday, $175.99 million Tuesday, $137.33 million Wednesday and another $17.07 million Thursday. The four-day total reached $440.73 million . A $643.33 million withdrawal Friday wiped it all away. The result was a $202.59 million weekly outflow and a fitting end to a difficult October for institutional bitcoin demand . Blackrock’s IBIT still finished the week with $176.9 million in net inflows, despite losing $233.70 million on Friday.

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