Bitcoin's Decline Parallels ETF Outflows! Fourth Consecutive Day of Outflows! Here Are the Details
Bitcoin spot ETFs experienced investor outflows for the fourth consecutive day. According to information shared by SoSoValue, a total of $40.46 million in net outflows from Bitcoin spot ETFs occurred on October 20.
Bitcoin Spot ETFs See Net Capital Outflows Over $40 Million for the Fourth Consecutive Day
Data showed that BlackRock’s flagship iShares Bitcoin Trust (IBIT) suffered the largest capital loss with net outflows of $101 million during the day. VanEck’s HODL ETF saw net inflows of $21.16 million, and Bitwise’s BITB ETF saw net inflows of $12.05 million.
With the latest outflows, the total net asset value of Bitcoin spot ETFs stands at $149.66 billion, equivalent to approximately 6.76% of Bitcoin's total market capitalization.
Experts say the recent outflows could be due to short-term profit-taking by investors and macroeconomic uncertainties, but the overall size of the ETF market suggests that institutional demand for Bitcoin remains strong.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana News Update: Meme Coin Responsibility: Slerf’s $10 Million Reimbursement Sets New Standards for Crypto Trust
- Slerf, a Solana-based meme coin, refunded $10M in SOL tokens to 25,444 investors after a 2024 presale error burned funds. - Developer Grumpy committed to 19-month community-driven restitution via trading fees, donations, and ecosystem revenue. - The transparent refund process boosted trust, with Slerf's market cap peaking at $740M despite later declines to $28.1M. - The case highlights community governance in crypto, earning praise as a rare example of accountability in the meme coin space.

Google Fi will introduce AI-powered audio features and web messaging via RCS
As competition among browsers intensifies, these are the top contenders to Chrome and Safari in 2025

Bill Gates’s former climate advocates start a new company
Trending news
MoreCrypto prices
More








