Bitcoin Spot ETFs Face Outflows Amid Market Volatility

Recent data from SoSoValue reveals a significant outflow of funds from Bitcoin spot ETFs. On October 15th, Eastern Time, these ETFs witnessed a net outflow of $104 million, according to PANews. The Grayscale ETF GBTC recorded the largest single-day outflow, totaling $82.9 million. This adds to its historical total net outflow of $24.429 billion. Invesco and Galaxy Digital’s BTCO ETF also experienced a net outflow of $11.0986 million on that day. Although, their historical net inflow stands at a positive $193 million. Overall, the market value of Bitcoin spot ETFs currently sits at $151.32 billion, reflecting an ETF net asset ratio of 6.83% compared to Bitcoin’s total market capitalization. The total cumulative net inflow into these ETFs has reached $62.442 billion as per reports.