U.S. Spot Bitcoin ETF Cohort Needs $84,358 to Break Even

Bitcoin (BTC) would need to reach an estimated $84,358 for the average U.S. spot Bitcoin ETF holder to break even, putting the cost-basis level in focus as the funds drew fresh inflows on Oct. 19. The average holder was estimated to be 2.6% below break-even that day. The $84,358 figure describes the group average; individual investors and funds may have different purchase prices. U.S. spot Bitcoin ETFs recorded $228.4 million in net outflows during the week ended Oct. 16, their second consecutive week of net withdrawals. The funds then took in $526.7 million on Oct. 19.

Source: TokenPost