US spot Bitcoin exchange-traded funds recorded combined net outflows of $526.4 million on Oct. 7 and Oct. 8, according to data cited by Techub from OnchainLens. The larger share came on Oct. 7, when the products saw $484.9 million leave, followed by another $41.5 million on Oct. 8. Over the same period, Bitcoin fell from $85,550 to $81,750, a decline of about 4.4%. OnchainLens said the Oct. 8 figure is still preliminary. The update provides a short snapshot of two consecutive days of withdrawals from the US spot Bitcoin ETF market and the matching move in BTC price during that window.
US spot Bitcoin ETFs saw net outflows totaling $526.4 million across Oct. 7 and Oct. 8, according to OnchainLens data cited by Techub.
Of that amount, $484.9 million was recorded on Oct. 7, followed by $41.5 million on Oct. 8. Over the same period, BTC fell from $85,550 to $81,750, a drop of about 4.4%.
OnchainLens said the Oct. 8 data is preliminary.
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