Bitcoin ETFs Post $5.06 Million Inflow, Then Flip to $82.39 Million Outflow Next Day
Photo: TheCoinrise
A brief rebound in Bitcoin ETF demand reversed within 24 hours as broader crypto funds shed over $600 million. Bitcoin exchange-traded funds listed in the United States recorded $5.06 million in net inflows on October 16, according to data reported by Coinfomania. The figure, while small relative to the billions these products have attracted since launch, was framed as a positive signal at a time when bitcoin's price was approaching the $87,000 level. That momentum did not hold. By the following day, Coinfomania and CryptoBriefing both reported that Bitcoin ETFs had swung into net outflows of $82.39 million.
Source: TheCoinrise
