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Institutional investors appear to have been spooked over rising tensions in the Middle East, with United States spot Bitcoin exchange-traded funds clocking almost $243 million in outflows.&nbsp;&nbsp;
The 11 US spot Bitcoin ETFs saw an aggregate outflow of $242.6 million on Tuesday, Oct. 1, <a data-ct-non-breakable="null" href="https://farside.co.uk/btc/" rel="null" target="null" text="null" title="null">according</a> to data from Farside Investors. This was the largest outflow in almost a month, after Sept. 3 seeing $288 million leaving <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/bitcoin-etfs-for-retirement-planning" rel="null" target="null" text="null" title="null">BTC ETFs</a>.
It was also the third-largest outflow day over the past five months, reversing an eight-consecutive trading day <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-bitcoin-etfs-largest-daily-inflow-2-months" rel="null" target="null" text="null" title="null">trend of inflows</a> that topped out at $494 million on Sept. 27.&nbsp;
The Fidelity Wise Origin Bitcoin Fund saw the largest outflow, $144.7 million, on Oct. 1, followed by the ARK 21Shares Bitcoin ETF, which lost $84.3 million.
The Bitwise Bitcoin <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/bitcoin-etfs-a-beginners-guide-to-exchange-traded-funds" rel="null" target="null" text="null" title="null">ETF</a> had an outflow of $32.7 million, while the VanEck Bitcoin ETF lost $15.8 million and the Grayscale Bitcoin Trust dropped $5.9 million.&nbsp;
There were zero flows for Invesco, Franklin, Valkyrie, WisdomTree, and Grayscale’s Mini Bitcoin Trust.&nbsp;
BlackRock iShares Bitcoin Trust was the only one to post positive flows, recording $40.8 million for the day — marking its 15th consecutive day of non-outflow.&nbsp;
<figure>
 <img alt="Bitcoin ETFs see biggest outflow in a month as Middle East tensions surge" name="" src="https://s3.cointelegraph.com/uploads/2024-10/01924bae-8be3-72bf-a960-37959398c95d">
 <figcaption style="text-align: center;">
 Source: Farside Investors
 </figcaption>
</figure>
Spot Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) prices plunged almost $4,000 in the wake of Iran’s missile attack on Israel on Oct. 1. The asset fell to a two-week low of $60,315 before recovering to $61,620 at the time of publication.&nbsp;
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-safe-haven-status-questioned-amid-middle-east-conflict" rel="null" target="null" text="null" title="null">Bitcoin tanks, gold rebounds as Israel vows Iran ‘will pay’ for attack</a>
Meanwhile, the nine US spot Ether ETFs also registered a day of outflows, with an aggregate of $48.6 million exiting the products.&nbsp;
Grayscale’s Ethereum Trust continued to lead the bleed, shedding $26.6 million on Oct. 1. The Fidelity Ethereum Trust lost a similar $25 million, with the pair making up the bulk of the losses.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/hamster-kombat-tap-to-earn-games-axie-pals-web3-gamer/" rel="null" target="null" text="null" title="null">Hamster Kombat tappers evolve with Swipe-to-Earn + Axie Pals Tamagotchis: Web3 Gamer</a>

Bitcoin ETFs see biggest outflow in a month as Middle East tensions surge

Cointelegraph

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