Bitcoin ETFs see record outflows as Schwab launches crypto

Community Trust Score Likely Real 78 % Real Likely Real 18 votes Updated 6 minutes ago US spot Bitcoin exchange-traded funds recorded approximately $228 million in net withdrawals between October 12 and October 16, following a previous week of $681 million in outflows. The two-week total reached $909 million, marking the largest institutional pullback since April. Bitcoin prices slid below the $82,000 threshold during this period, with roughly $771 million in leveraged positions liquidated in a single day earlier in the week. On October 15, nearly $1 billion in additional positions were liquidated as Bitcoin, Ether, and XRP declined simultaneously.

Source: The Currency Analytics