Investors withdrew approximately $243 million from US spot Bitcoin ETFs yesterday. This was the largest outflow in nearly a month, according to data from Farside Investors.
This trend contrasts sharply with the previous eight trading days, which had seen a steady inflow of funds, peaking at $494 million on Sept. 27.
However, this trend reversed on October 1, which marked the third highest outflow day in the past five months.
The Fidelity Wise Origin Bitcoin Fund was the hardest hit, losing $144.7 million, followed by the ARK 21Shares Bitcoin ETF with a loss of $84.3 million.
Other BTC ETFs also suffered significant losses, including the Bitwise Bitcoin ETF, which lost $32.7 million, the VanEck Bitcoin ETF, which lost $15.8 million, and the Grayscale Bitcoin Trust, which lost $5.9 million.
Interestingly, there were no flows for Invesco, Franklin, Valkyrie, WisdomTree, and Grayscale's Mini Bitcoin Trust.