Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red
Summary
U.S. spot Bitcoin ETFs recorded $228.6 million in net outflows for the week, following $681.1 million in outflows the previous week. Friday alone saw $82.4 million leave the funds. Hot U.S. inflation readings renewed expectations of higher interest rates, weighing on risk assets as Bitcoin briefly fell below $80,000 and leveraged crypto positions were liquidated. October ETF flows are now about $615 million negative, though cumulative net inflows since the funds launched in January 2024 remain $57.3 billion. Bitcoin closed Friday near $81,590.
