Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows

TL;DR: US spot Bitcoin ETFs recorded $484.9 million in net outflows on October 7, according to Farside Investors. BlackRock’s IBIT led the withdrawals with $207.7 million leaving the fund, while Fidelity and ARK also posted nine-figure outflows.
A day after Bitcoin ETF inflows appeared to recover, institutional money moved sharply in the other direction.
US spot Bitcoin exchange-traded funds recorded $484.9 million in combined net outflows on October 7, according to updated data from Farsi