Bitcoin ETFs See Outflows After Nine-Day Inflow Streak

Bitcoin exchange-traded funds (ETFs) experienced net outflows of $4.5 million on October 10th, marking the end of a nine-day streak of substantial inflows. This reversal came following Bitcoin’s sharp price decline of about 8%, dropping from its peak of over $122,000 to as low as $105,000 before recovering to around $111,700. Institutional investors, who drove the recent influx of funds into ETFs, opted to take profits during this correction.