US Bitcoin Spot Exchange-Traded Funds (ETFs) have registered outflows of $54.03 million on October 3, marking three consecutive trading days of redemptions. The outflows have been led by Ark Invest's ARKB fund, which has seen $57.79 million in departures, and Fidelity's FBTC fund, which has had $37.21 million in redemptions. The outflows come as the price of Bitcoin has fallen below $20,000 in recent weeks. Bitcoin is currently trading at $19,936, down 2.4% in the last 24 hours. Despite the outflows, there have been some inflows into BlackRock's IBIT fund, which has seen $35.88 million in inflows. The outflows from US BTC spot ETFs suggest that investors are becoming increasingly cautious about the cryptocurrency market. Bitcoin has been trading in a bear market for most of 2022, and there are concerns that the market could continue to decline in the coming months.

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