Bitcoin ETFs See $643 Million Outflow on October 30

U.S. spot Bitcoin exchange-traded funds recorded about $643 million in net outflows on October 30, ending four consecutive sessions of inflows and leaving the month with an overall loss, according to fund-flow data. The withdrawals also turned the week negative, with a net outflow of about $202 million for October 26-30. The funds had drawn approximately $441 million during the four sessions before the selloff. Friday’s withdrawals exceeded that total, reversing the gains and marking the largest single-day outflow since June, according to the reported daily flow figures. BlackRock’s iShares Bitcoin Trust, known as IBIT, had the largest individual withdrawal on October 30, at about $234 million. Fidelity’s Wise Origin Bitcoin Fund lost roughly $201 million, and ARK 21Shares’ ARKB lost about $130 million. Grayscale’s GBTC and Bitwise’s BITB also recorded outflows. Despite the final-day reversal, IBIT ended October with about $932 million in net inflows. Other Bitcoin funds collectively had approximately $1.45 billion in net withdrawals during the month. The combined withdrawals from Bitcoin and Ether funds totaled about $799 million for the session. U.S. spot Ether ETFs lost...