Bitcoin ETFs erased October’s net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session.
US spot Bitcoin exchange-traded funds (ETFs) recorded $484.9 million in net outflows on Wednesday, reversing Tuesday’s $118.8 million net inflow.
The withdrawals were the largest since June 25, when the funds lost $691.7 million, according to Farside Investors.
Wednesday’s outflows wiped out the $321.6 million in net inflows recorded over October’s first four trading sessions, leaving Bitcoin ETFs with approximately $163 million in net outflows for the month.
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cointelegraph.com