Bitcoin ETFs bleed $635M as October slides back into the red

Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October. US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October’s flows back into the red. The withdrawals more than erased Wednesday’s $528 million in inflows and brought October’s net outflows to $175 million, >according to SoSoValue data. It was the largest single-day net outflow since June 25, when Bitcoin ETFs lost $696 million. The withdrawals snapped a three-day inflow streak that attracted $1.08 billion. Bitcoin ETFs still had weekly net inflows of $443 million. The funds had recorded two consecutive weeks of outflows before the rebound. Bitcoin traded between $80,996 and $82,551 on Thursday, down from Wednesday’s intraday high of $84,777. BTC was trading at approximately $81,783 at the time of publication, down around 1% over the past 24 hours, >according to CoinGecko. Altcoin ETFs also saw mostly negative flows on Thursday. Ether ETFs >recorded around $111 million in net outflows, followed by Solana ETFs with roughly $9 million and Hyperliquid (HYPE) ETFs with about $8 million. XRP ETFs bucked the trend, attracting around $3.6 million in inflows. Related: Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower