US Bitcoin ETF October flows turn negative as investors pull out $635 million

US spot Bitcoin ETFs posted withdrawals worth $635 million in a single session. This marked the biggest single-day withdrawal from these funds since June, enough to take the October totals into negative territory. To those looking at fund flows as a metric of institutional demand, the number puts a damper on a week that looked like a rebound. Bitcoin ETFs suffer biggest daily outflow since June According to SoSoValue data , more than $635 million was withdrawn from US Bitcoin ETFs on October 22. The funds’ losses reversed the $528 million inflow registered by these funds during the previous session, pushing October totals into the red zone, It was also the worst single-day performance by the funds since June 25, when they recorded an outflow of $696 million.

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