Bitcoin spot exchange-traded funds (ETFs) faced significant outflows on October 2, with a net total of $92 million being withdrawn from the funds. TradeT data revealed that BlackRock's iShares Blockchain and Bitcoin ETF (IBIT) experienced outflows of $14 million, while Ark Invest's ARK Innovation ETF (ARKB) saw a larger outflow of $60 million. These outflows hint at a decline in investor sentiment towards Bitcoin and the broader cryptocurrency market, potentially influenced by the recent price volatility and regulatory uncertainties.

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