Spot Bitcoin exchange-traded funds posted $484.9 million in net outflows on Oct. 7, marking their worst single-day withdrawal since June, according to Techub, citing Decrypt. The move came during a session shaped by broader macro pressure rather than any ETF-specific development mentioned in the report. At the same time, oil prices were nearing $100 a barrel, bond yields were sitting at their highest level since 2002, and markets were still expecting the Federal Reserve to continue its rate-hike cycle. The report links those conditions to the same trading backdrop in which the ETF outflows occurred, without adding further details on individual funds or issuers. No additional breakdown of the flows was provided in the source material.
Spot Bitcoin exchange-traded funds recorded $484.9 million in net outflows on Oct. 7, their largest one-day withdrawal since June this year, according to Techub, citing Decrypt.
During the same period, oil prices were approaching $100 a barrel, bond yields were at their highest level since 2002, and markets were expecting that the Federal Reserve had not yet finished its rate-hike cycle.
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