Spot Bitcoin ETFs See Third Consecutive Day of Outflows

The cryptocurrency market continues to exhibit volatility, and recent data has revealed a concerning trend in the U.S. spot Bitcoin ETF market. For the third consecutive day, these popular investment vehicles have experienced significant net outflows, prompting questions about investor sentiment and the future direction of the crypto landscape. According to TraderT, investors withdrew a substantial $191.59 million from Spot Bitcoin ETFs on October 31st. This ongoing trend raises important questions about market dynamics and investor behavior.