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Bitcoin ETFs bought nearly twice miners’ Q3 output, but $430 million left Thursday

Bitcoin ETFs bought nearly twice miners’ Q3 output, but $430 million left Thursday
AI summary

Bitcoin ETFs absorbed nearly double the BTC miners produced in Q3, a sign of strong institutional demand. However, roughly $430 million flowed out of these funds on Thursday, showing that buying is not steady. Traders should watch whether ETF outflows persist into November and how the next US jobs report affects risk appetite.

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