US spot Bitcoin ETFs (exchange-traded funds) recorded $643 million in net outflows on Friday, October 30, according to Farside Investors. The withdrawals erased four consecutive sessions of inflows and pushed the October 26–30 week into a net outflow.The funds had attracted a combined $440.8 million in net inflows from Monday through Thursday. Friday’s reversal left the completed week with $202.4 million in net outflows, turning an apparent recovery in the ETF channel into a weekly withdrawal.Bitcoin ETFs record withdrawals across five fundsWithdrawals extended across five of the 12 funds in Farside’s table. The other seven reported zero net flows, and none recorded an inflow to offset the redemptions. IBIT and FBTC were the two largest contributors to the day’s negative total.FundOctober 30 net outflow (USD millions, rounded)iShares Bitcoin Trust (IBIT)234Fidelity Wise Origin Bitcoin Fund (FBTC)201ARK 21Shares Bitcoin ETF (ARKB)130Grayscale Bitcoin Trust (GBTC)53Bitwise Bitcoin ETF (BITB)26The renewed withdrawals follow the October 22 pullback covered by CryptoSlate the previous week.These figures track one route into Bitcoin exposure: exchange-traded products that investors can h...
Bitcoin ETFs lose $643 million in a day, wiping out the week’s inflows
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