Bitcoin ETF Outflows Hit $635M After $1B Inflow Surge. Institutional Demand on the Test.

Spot Bitcoin ETFs lost $635.5M, the biggest outflow since June 25. Bitcoin fell toward $81,200 as $315M in leveraged positions were liquidated. Traders now watch $82,000 as Bitcoin slips below its 50-day average. U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $635.5 million in net outflows on Thursday, October 22, marking their largest single-day withdrawal since June 25. The reversal came after the funds attracted more than $1 billion earlier in the week, raising questions about the strength of demand following a brief recovery in Bitcoin’s price.