BlockBeats reported that on October 2, Cointelegraph reported that as tensions in the Middle East intensified, Bitcoin spot ETFs saw their largest single-day net outflow in a month. This outflow reversed the trend of eight consecutive days of inflows totaling $1.4 billion. Institutional investors seemed shocked by the escalation of tensions in the Middle East.

Yesterday, U.S. Bitcoin spot ETFs saw outflows of nearly $243 million. On October 1, Fidelity FBTC had the largest outflows at $144.7 million, followed by ARKB with a net outflow of $84.3 million, Bitwise Bitcoin ETF with an outflow of $32.7 million, VanEck Bitcoin ETF with an outflow of $15.8 million, and Grayscale Bitcoin Trust with an outflow of $5.9 million. BlackRock IBIT was the only company to see positive fund flows, recording a net inflow of $40.8 million on the day, marking the 15th consecutive day of no outflows for the ETF. After Iran launched a missile attack on Israel on October 1, the price of Bitcoin plunged by nearly $4,000 to a two-week low of $60,315, and the escalation of tensions in the Middle East has worried institutional investors in the crypto market.