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<ul class="wp-block-list news-points">
 <li>U.S. spot Bitcoin ETFs experienced significant outflows on Tuesday, October 1.</li>
 <li>The ETFs saw aggregate outflows of $242.6 million on Tuesday.</li>
 <li>BlackRock bought the dip, adding 660 Bitcoins to their holdings.</li>
</ul>
U.S. spot Bitcoin ETFs saw significant outflows on Tuesday, October 1st, as Bitcoin dropped below $61,000 due to rising tensions in the Middle East. Data from Farside Investors indicates that the ETFs had aggregate outflows of <a href="https://farside.co.uk/btc/" target="_blank" rel="noopener noreferrer nofollow">$242.6 million</a>, the second-largest outflow in nearly a month, with BTC ETFs experiencing a $288 million outflow on September 3.
Tuesday’s outflows ended an 8-day streak of inflows for Bitcoin ETFs, which saw $494 million flow into these products on September 27th, leading many analysts to confirm bullish sentiment for Bitcoin. Notably, BTC ETFs had a $365 million inflow the previous day as well.
Farside Investors’ data shows that Fidelity’s FBTC led the outflows with $144.7 million, representing over 50% of the total daily outflows. ARK 21Shares Bitcoin ETF followed with an $84.3 million loss, while the Bitwise Bitcoin ETF had a $32.7 million outflow.
Other ETFs that registered losses include the VanEck Bitcoin ETF, which ha…
The post <a href="https://coinedition.com/bitcoin-etf-investors-flee-242m-outflow-as-middle-east-tensions-rise/" rel="noopener noreferrer nofollow">Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise

Coin Edition

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