U.S. Bitcoin ETFs Lose $635 Million, Their Biggest Outflow Since June

U.S. spot Bitcoin (BTC) exchange-traded funds lost about $635 million during the Thursday, Oct. 22, U.S. trading session, their largest daily outflow since June 25 and a sharp reversal after three days of gains. BlackRock’s iShares Bitcoin Trust (IBIT) had $254.1 million in withdrawals, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $217.5 million. Their combined $471.6 million represented roughly 74% of the day’s total. ARK 21Shares’ ARKB saw $109.4 million leave, while Grayscale’s GBTC shed $29.5 million and Bitwise’s BITB lost $27.4 million.