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Bitcoin

Two days of Bitcoin ETF inflows leave October about $26M in the red

Image: Cryptopolitan

Two days of buying added $286 million into US spot Bitcoin ETFs and trimmed October’s net outflows to around $26 million. The funds had bled about $774 million over last week’s Thursday and Friday. IBIT and FBTC split Tuesday’s $176 million haul The inflows were about $176 million on Tuesday, October 27, for the second straight day of net inflows. Monday’s haul was $110 million. Most of the exit from last week took place on Thursday, October 22, with $635.49 million departing. Friday’s outflows were $137.94 million. The selloff followed a $528.40 million inflow on Oct. 21, the biggest single day for the month. Including the latest buying, net inflows year to date are about $850 million. The funds traded $1.58 billion on Tuesday.

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