Bitcoin ETF Outflows of $643 Million on 30 October End a…
By Abdelaziz Fathi
AI summary of the source article
US spot Bitcoin ETFs recorded $643.33 million in net outflows on October 30, ending a four-day inflow streak. BlackRock's IBIT and Fidelity's FBTC led the withdrawals, accounting for roughly two-thirds of the day's total redemptions.
Why it matters
The reversal matters because FinanceFeeds reported on October 30 that Bitcoin ETFs had entered the Binance security crisis on a four-day inflow streak .
Key facts
- US spot Bitcoin ETFs posted $643.33 million in net outflows on October 30, led by IBIT ($233.70 million) and FBTC ($201.04 million).
- The single-day outflow surpassed the $440.7 million in total inflows accumulated across the previous four sessions.
- US spot Ether ETFs also saw $155.85 million in net outflows on the same day, extending their withdrawal run to five sessions.
Source excerpt · FinanceFeeds
US spot Bitcoin ETFs recorded $643.33 million in net outflows on October 30, ending four consecutive trading days of inflows and more than reversing everything the funds had collected earlier in the week. BlackRock's iShares Bitcoin Trust, IBIT, led the withdrawals with $233.70 million, followed by Fidelity's Wise Origin Bitcoin Fund, FBTC, at $201.04 million, according to SoSoValue data. The reve…