**Bitcoin ETFs: A Rollercoaster Ride! đą**
- Institutional investors hit the brakes on their Bitcoin (BTC) buying spree as BTC price action takes a breather.
- US spot Bitcoin ETFs saw net negative inflows for the first time in two weeks, dropping $79.1M on Oct. 22.
- The ARK 21Shares Bitcoin ETF led the outflows, shedding $134M, while BlackRockâs iShares Bitcoin ETF managed a modest $43M inflow.
- Despite the dip, ETFs remain a hot topic, with institutional ownership now around 20%.
- European investors have also jumped on the bandwagon, contributing over $100M YTD.
- Total assets under management hit a record $65B, making ETFs a key liquidity driver.
*Disclaimer: This article does not contain investment advice.*
