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U.S. Bitcoin Funds Post Record October Outflow of $635.6 Million
The outflow came in a session when Bitcoin and technology stocks fell, while oil rose and U.S. Treasury yields declined.
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On October 22, spot Bitcoin ETFs recorded significant net outflows totaling $635 million, with BlackRock's IBIT fund leading the redemptions. This volume exceeded the previously recorded outflow of $487 million from October 7. The data indicates an increased pace of divestment within the spot Bitcoin ETF market.
The outflow came in a session when Bitcoin and technology stocks fell, while oil rose and U.S. Treasury yields declined.
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