Bitcoin ETFs Record Major Outflow Amid Price Pressure

Community Trust Score Verified 92 % Real Verified 13 votes Updated 21 minutes ago US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows on Thursday, Oct. 22. This represents the largest daily withdrawal since June 25. The capital flight occurred as Bitcoin traded near the estimated cost basis of the funds’ underlying holdings. The $635 million in net outflows marked a significant reversal in recent trading patterns. The funds had attracted substantial capital over the previous three trading sessions. The withdrawals on Oct. 22 reversed nearly 60% of those inflows.