US Spot Bitcoin ETFs Log $487 Million Net Outflow Led by BlackRock Redemptions

U.S. spot Bitcoin exchange-traded funds recorded $487 million in net outflows on Oct. 7, marking the largest single-day withdrawal since June 25. The sharp pullback was spearheaded by BlackRock's IBIT with $208 million in net redemptions, followed by Fidelity's FBTC losing $105 million. The retreat followed a positive session on Oct. 6, when funds attracted roughly $119 million in net inflows led by IBIT's $122 million gain. Total assets managed across the ETF complex fell to $107.401 billion, reducing cumulative net inflows since launch to $57.33 billion as Bitcoin traded near $83,000.