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Bitcoin

Bitcoin ETFs Post Two Days of Inflows as Calacanis Forecasts Continued Outflows

Image: TokenPost

U.S. spot Bitcoin (BTC) exchange-traded funds recorded net inflows on Oct. 26 and 27, adding two positive daily readings after withdrawals on Oct. 22 and 23. The latest figures contrast with investor Jason Calacanis’ prediction that ETF outflows would continue. Funds drew $110.3 million on Oct. 26 and $176 million on Oct. 27. They recorded net outflows of $635.6 million on Oct. 22 and $137.9 million on Oct. 23. The two inflow days totaled $286.3 million, less than the $773.5 million withdrawn across the two earlier dates. Across those four dates, flows were net negative by $487.2 million. A net inflow is the amount entering funds after money moving out is subtracted for a reporting period.

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