Bitcoin ETFs Bleed $242.6M, Biggest Outflow Since Sept. 3
Summary
Bitcoin ETFs in the U.S. experienced outflows of $242.6 million, marking the worst day since September 3. This ended an eight-day streak of inflows as Bitcoin's value dropped by 6% due to escalating tensions in the Middle East, with Iran launching missiles at Israel. Bitcoin's price fell to $60,300, nearly erasing gains made after the U.S. Federal Reserve's recent interest-rate cut. The cryptocurrency has declined 2.6% since October began. Ether ETFs also faced significant outflows of $48.5 million, marking their worst day since September 23.
