US Spot Bitcoin ETFs Shed Up to $244.13 Million in Second Day of Outflows

United States spot Bitcoin exchange-traded funds recorded net outflows of up to $244.13 million on Oct. 8, marking their second straight day of redemptions. The single-day withdrawals followed net outflows of $484.9 million to $487.07 million in the previous session. Fidelity's Wise Origin Bitcoin Fund led the departures, shedding up to $197.1 million. In contrast, Franklin Templeton's EZBC was the sole fund to record positive net inflows, adding $4.71 million. Total net asset value across all spot Bitcoin funds reached $104.914 billion, or roughly 6.38% of Bitcoin's market capitalization.