Bitcoin ETFs Bleed $636 Million as October Turns Red Again
Summary
Spot Bitcoin exchange-traded funds suffered their largest daily outflow of the month on Thursday. This massive withdrawal reversed October's financial gains, plunging the month's net flows into negative territory. Meanwhile, investment funds tied to Ethereum and Solana experienced similar capital losses.
Spot Bitcoin ETFs lost $635.6 million on Thursday, their biggest outflow of the month, pushing October flows back to a loss of about $176 million as Ethereum and Solana funds also bled.
Source: Read the full story at Decrypt
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.