US spot Bitcoin ETFs see $773 million in outflows over two days

Spot Bitcoin ETFs in the United States experienced a sharp outflow totaling $137.94 million on October 23, according to data from financial analytics provider SoSoValue. This followed significant withdrawals of $635.49 million on the previous day, marking the largest single-day outflow since late June. Over these two sessions, the total net outflow reached $773.43 million. Among the top providers, BlackRock’s iShares Bitcoin Trust (IBIT) accounted for the most substantial withdrawal, with $110.34 million leaving the fund on October 23. Fidelity’s Wise Origin Bitcoin Fund (FBTC) also recorded outflows of $31.78 million. In contrast, Morgan Stanley’s MSBT Bitcoin ETF posted net inflows of $4.19 million, bucking the prevailing trend among peers.

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