Bitcoin ETFs See Major Outflow, Signaling Cooling Trend in Institutional Investment

Spot Bitcoin exchange-traded funds (ETFs) experienced a significant outpouring of investments this week, with investors withdrawing a total of $471 million on October 29th. No inflows were registered during the session, indicating renewed caution from institutional investors who have been cautious about digital asset investment in recent months. The withdrawal suggests a cooling trend in institutional adoption of Bitcoin ETFs. Glassnode data revealed a further outflow of $93 million on the following day, highlighting persistent sell pressure in traditional finance markets, and suggesting a weakening momentum for bitcoin.