U.S. Bitcoin ETFs lose $729 million across two sessions
- Published
- Updated
U.S. spot Bitcoin ETFs posted another day of withdrawals on Oct. 8, and several later reports also tracked the October totals higher as the two-day slide continued into Oct. 9. Ether funds were still in an eight-session outflow run in the same period, while one later update also broke out the seven-day totals for both Bitcoin and Ether products.
Key claims & sources
What it means
Bitcoin ETF traders and issuers would have seen the most immediate effect in the continued withdrawal data: Oct. 8 added another $244.1 million in net outflows, after the prior trading day’s $484.9 million exit. That same period also showed Ether funds still running an eight-session outflow streak, so both products were facing redemptions at the same time.
Market reaction i
Bitcoin rose 0.2% in the 4 hours after the first headline, after rising 0.5% in the 2 hours before.
48 prices, one every 30 minutes · The move was larger before the first headline than after: an observation, not an explanation. The market also moves on things nobody publishes.
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
MEXC
Cointelegraph
The Coin Republic
Crypto Briefing
context