Bitcoin ETFs Lose 10,000 BTC as Demand Slows in October

Bitcoin ETFs lost 1,892 BTC in one week and over 10,000 BTC across two weeks, signaling weakening demand through investment funds. U.S. spot Bitcoin ETFs recorded $82.39 million in daily outflows on October 16, while Ethereum ETFs lost $69.68 million. Bitcoin’s MVRV fell below its historical 30th percentile after rejection near $87,000, placing its valuation in a historically lower range. Bitcoin investment funds have recorded sustained outflows as demand weakens, while Bitcoin remains above $80,000 despite economic uncertainty. Analyst Darkfost reported that ETFs lost 1,892 BTC this week and more than 10,000 BTC over two weeks.

Source: Crypto Front News