Bitcoin ETFs See Substantial Outflows Amidst Market Volatility

U.S. spot Bitcoin ETFs experienced notable outflows totaling $327 million on October 13th, following a weekend sell-off and price recoveries. BlackRock’s IBIT witnessed the largest inflows, while Grayscale’s GBTC led the withdrawals. As we enter this new week, Bitcoin seeks stability after an unprecedented liquidation shock, marked by outflows exceeding $115,000. Institutional investors are currently reducing risk positions, selling on days of strength.