Bitcoin ETFs shed $643m in biggest daily outflow since June

U.S. spot Bitcoin ETFs have recorded $643.2 million in net outflows on Oct. 30, their largest daily withdrawal since June, wiping out four consecutive sessions of inflows and leaving the week in the red. Summary BlackRock’s IBIT led Friday’s withdrawals with $233.7 million, followed by Fidelity and ARK 21Shares. Bitcoin ETFs finished Oct. 26–30 with $202.4 million in net outflows after four positive sessions. Ether funds lost $155.7 million on Friday, bringing their October withdrawals to approximately $1.61 billion. Cumulative net inflows into U.S. Bitcoin ETFs remained above $57 billion despite the latest selling. According to Farside Investors, Fidelity’s FBTC lost $201 million, and ARK 21Shares’ ARKB shed $129.5 million during the final trading session of October. Grayscale’s GBTC recorded $53.3 million in withdrawals, while investors pulled $25.7 million from Bitwise’s BITB. Together, BlackRock, Fidelity and ARK 21Shares accounted for $564.2 million, or roughly 87.7%, of the day’s net withdrawals. None of the other seven Bitcoin products in the table recorded a positive flow. Bitcoin ETF withdrawals erase the week’s buying Before Friday’s reversal, the funds had collected $440...