Bitcoin (BTC) ETFs Post $635.6 Million Outflow After Three-Day Inflow Streak

U.S. spot Bitcoin exchange-traded funds recorded $635.6 million in net outflows on Thursday, Oct. 22, ending three straight sessions of inflows. Estimated cost bases for the funds and tracked corporate treasuries range from $80,000 to $81,500. BlackRock’s iShares Bitcoin Trust (IBIT) recorded $254.1 million in net outflows on Oct. 22. The withdrawals reversed the positive flow pattern from Oct. 19 through Oct. 21. Cost basis is the estimated average acquisition price for a group’s holdings. The data behind the $80,000-to-$81,500 range run through Oct. 19.