Bitcoin ETF Inflows Drop to $23.2 Million as Murad Questions Bull Cycle

U.S. spot Bitcoin (BTC) exchange-traded funds took in $23.2 million Tuesday, a sharp slowdown after Monday’s rebound that left investors weighing conflicting signals about whether a broader crypto bull cycle has begun. The Oct. 20 inflow followed $526.7 million in net purchases on Oct. 19. Monday’s total exceeded the $228.4 million withdrawn from the funds over the preceding five trading sessions. The two positive sessions ended that stretch of withdrawals, though the pace of inflows slowed markedly on Tuesday. BlackRock’s IBIT gained $665.2 million on Oct. 19, more than the group’s net inflow.

Also reported by Coinotag.

Source: TokenPost