Bitcoin Spot ETF Outflows Surge, Reach Record Levels

Recent data reveals a substantial decline in Bitcoin spot ETF investments, signaling potential market uncertainty. According to SoSoValue analysis, a significant net outflow of $488 million was recorded on October 30th. BlackRock’s IBIT ETF, the largest contributor to this outflow, experienced a withdrawal of $291 million. Despite these recent outflows, IBIT boasts a considerable historical net inflow of $65.052 billion.