Bitcoin ETF · Bitcoin · Federal Reserve (FED) · U.S. Treasury · Decrypt
Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
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Bitcoin ETF investors spent another week heading for the exits.
Key facts
- Bitcoin briefly slipped below $80,000 on Thursday, and nearly $950 million in leveraged crypto positions were liquidated over 24 hours, about 90% of them bullish longs, according to CoinGlass
- The funds lost a net $228.6 million for the week, according to SoSoValue, following a $681.1 million drain the week
- A $175.7 million inflow on Tuesday was wiped out a day later by $261.4 million in redemptions, the week’s worst session
- After opening the month with roughly $293 million in inflows, the funds are now down about $615 million for October, based on Decrypt ’s tracker
Summary
U.S. spot Bitcoin ETFs posted net outflows of $228.6 million this week, after losing $681.1 million the week before. Outflows topped inflows on three of five trading days, with Wednesday’s $261.4 million exit the week’s worst session. The funds are down about $615 million for October, though cumulative net inflows since launch still stand at $57.3 billion. U.S. spot Bitcoin ETFs shed $82.4 million on Friday, ’s ETF tracker, capping a week in which outflows outweighed inflows on three of five trading days. The funds lost a net $228.6 million for the week, according to SoSoValue, following a $681.1 million drain the week before.