Bitcoin ETFs bleed nearly $500 million in one day: Crypto Daily
Summary
U.S. spot bitcoin ETFs recorded $487.1 million in net outflows Wednesday, their largest daily withdrawal since June 25. October flows are down $165.6 million after September’s $2.65 billion of inflows, while year-to-date net inflows total $717 million. Bitcoin traded near $83,000, close to support that has held since September 21. Analysts warned that a sustained break could bring prices toward $80,000–$81,500, with further downside scenarios at $76,000 or $72,000. Weakening ETF demand, volatile Treasury yields, and geopolitical tensions were identified as potential headwinds.
