Bitcoin Spot ETF Outflows Hit $243 Million on October 1st

PANews reported on October 2nd, citing data from SoSoValue, that Bitcoin spot ETFs experienced a total net outflow of $243 million on October 1st (US Eastern Time).

Grayscale's GBTC ETF saw a net outflow of $5.89 million on the day, bringing its total historical net outflow to $20.09 billion. Grayscale's Bitcoin Mini Trust ETF BTC experienced a net outflow of $0.00 on the day, while its total historical net inflow stands at $422 million.

BlackRock's IBIT ETF, the top performing Bitcoin spot ETF in terms of net inflow on October 1st, witnessed a net inflow of $40.83 million, bringing its total historical net inflow to $2.15 billion.

As of press time, the total net asset value of Bitcoin spot ETFs sits at $5.73 billion, representing a 4.77% share of the total Bitcoin market capitalization. The total historical net inflow for Bitcoin spot ETFs stands at $1.86 billion.

[Image caption]: Bitcoin spot ETFs recorded a net outflow of $243 million yesterday, marking the first outflow after 8 consecutive days of inflows.

[Image caption]: Bitcoin spot ETFs recorded a net outflow of $243 million yesterday, marking the first outflow after 8 consecutive days of inflows.