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Bitcoin ETFs Face Roughest Run Since April as Banks Stay Shut

Bitcoinist
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Bitcoin ETFs Face Roughest Run Since April as Banks Stay Shut

Institutional appetite faded fast. Spot Bitcoin ETFs in the US saw roughly $228 million of net withdrawals between October 12 and 16, following $681 million the week before, for a two-week total of $909 million. That is the biggest pullback since April. Price action matched the mood: Bitcoin slid under $82,000, with about $771 million […]

Key Takeaways

  1. Institutional appetite faded fast.
  2. Spot Bitcoin ETFs in the US saw roughly $228 million of net withdrawals between October 12 and 16, following $681 million the week before, for a two-week total of $909 million.
  3. That is the biggest pullback since April.
Read Full Article on Bitcoinist

Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.