Bitcoin ETF Outflows Reach $65 Million as BlackRock Bleeds Cash
Bitcoin ETFs saw a $65.4 million outflow on October 12, all from IBIT, far below the $484.9 million sector outflow recorded on October 7. The post Bitcoin ETF Outflows Reach $65 Million as BlackRock Bleeds Cash appeared first on Cryptonews.
AI summary
US spot Bitcoin ETFs recorded a net outflow of $65.4 million on October 12, with the entire amount coming from BlackRock's IBIT. That is well below the $484.9 million sector outflow seen on October 7, suggesting redemption pressure is easing but still present. Traders watch ETF flows as a proxy for institutional demand, so continued IBIT outflows could weigh on BTC sentiment.
Impact
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Conviction
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Narrative
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