Bitcoin ETFs Shed $681 Million as Strategy Slows Weekly Buying

Bitcoin (BTC) rebounded above $83,000 after briefly falling below $81,000 on Oct. 13, even as U.S. spot Bitcoin exchange-traded funds recorded heavy weekly outflows and Strategy reduced its purchases. The funds saw $681 million in net outflows from Oct. 5-9, their largest weekly withdrawal since June. Fidelity’s FBTC had the biggest outflow, at about $380 million. During the same period, Bitcoin traded in a range of roughly $83,000 to $84,000, despite the money leaving the funds.

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