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US Spot Bitcoin ETFs Log $201 Million Daily Outflow as Redemptions Hit $1.1 Billion

U.S. spot Bitcoin exchange-traded funds recorded $201 million in net daily outflows, pushing year-to-date withdrawals to $1.1 billion. The session marked a third consecutive day of broader fund redemptions, though daily outflows narrowed 51% from Friday's $412 million. BlackRock's iShares Bitcoin Trust led the decline with a $213.2 million exit, extending its losing streak to seven sessions and $1.66 billion in withdrawals since October 30. Morgan Stanley's Bitcoin Trust was the sole gainer, taking in $22.1 million. The outflows coincided with Bitcoin trading around $74,594 amid institutional caution ahead of October inflation data.

Category

Bitcoin

Sentiment

Mixed

Event

Analyst flows

Reading time

1 min