U.S. spot Bitcoin ETFs experienced significant outflows on Tuesday, October 1.
The ETFs saw aggregate outflows of $242.6 million on Tuesday.
BlackRock bought the dip, adding 660 Bitcoins to their holdings.
U.S. spot Bitcoin ETFs saw significant outflows on Tuesday, October 1st, as Bitcoin dropped below $61,000 due to rising tensions in the Middle East. Data from Farside Investors indicates that the ETFs had aggregate outflows of $242.6 million, the second-largest outflow in nearly a month, with BTC ETFs experiencing a $288 million outflow on September 3.
Tuesdayâs outflows ended an 8-day streak of inflows for Bitcoin ETFs, which saw $494 million flow into these products on September 27th, leading many analysts to confirm bullish sentiment for Bitcoin. Notably, BTC ETFs had a $365 million inflow the previous day as well.
Farside Investorsâ data shows that Fidelityâs FBTC led the outflows with $144.7 million, representing over 50% of the total daily outflows. ARK 21Shares Bitcoin ETF followed with an $84.3 million loss, while the Bitwise Bitcoin ETF had a $32.7 million outflow.
Other ETFs that registered losses include the VanEck Bitcoin ETF, which haâŠ
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