Bitcoin ETFs Face $18.66M Net Outflow Amid Caution in Crypto Markets

The post Bitcoin ETFs Face $18.66M Net Outflow Amid Caution in Crypto Markets appeared first on Coinpedia Fintech News

On October 8, the cryptocurrency market witnessed notable movements in Bitcoin and Ethereum spot ETFs. The total net outflow for Bitcoin ETFs reached $18.663 million, involving FBTC’s outflow of $48.82 million. Meanwhile, Blackrock’s Bitcoin ETF (IBIT) experienced an inflow of $39.57 million. Currently, the BTC price trades under $63k. Additionally, Ethereum ETFs shared a familiar fate with a net outflow of $8.188 million. Overall, nearly 296 BTC and 3,353 ETH were sold on October 8 amid the highly volatile market conditions.