Spot Bitcoin ETFs lost $773.5M in two days; BlackRock IBIT went from 40% to 80% of the outflow
US spot Bitcoin ETFs saw $635.6M leave on Wednesday, the biggest single day outflow since June, then another $137.9M on Thursday.
What I find interesting is who's selling. BlackRock's IBIT was about 40% of Wednesday's outflow and 80% of Thursday's. That's $773.5M out in two days while Bitcoin still holds around $80K.
https://x.com/Cointelegraph/status/2113843123486966077
Sources: @OnchainLens: Bitcoin ETFs $137.9M net outflows on October 23, led by IBIT with $110.3M · @DustyBC: Bitcoin spot ETFs net outflow of $137.9M on October 23, BlackRock clients sold $110.3M
Not financial advice. For informational and educational purposes only.
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