Bitcoin ETFs claw back $110M after $774M exit
US spot Bitcoin ETFs remained in the red for October, with about $202 million in net outflows for the month despite Monday’s rebound.
US spot Bitcoin ETFs continued to post negative results in October, with a total of approximately $202 million in net outflows for the month. This figure includes $774 million in withdrawals over the previous two trading sessions, as reported by SoSoValue. Despite this downturn, the funds experienced a rebound on Monday, attracting $110 million in net inflows.
Bitcoin's price was $79,595 at the time of publication, marking a 2.6% decrease over the past week. Market sentiment also took a hit, with the Crypto Fear & Greed Index dropping to 48 from 50 the previous day, yet still remaining in the "Neutral" category. According to CryptoQuant data, retail investors sent significantly more Bitcoin to Binance, with deposits nearly doubling to $10.8 billion over 30 days.
On the other hand, large holders reduced their deposits to $3.8 billion. Analyst Darkfost suggested that smaller investors might be capitalizing on the recent price rebound by selling their Bitcoin.
Written by urgent.news from Cointelegraph's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
