Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

Sponsored
Sponsored

US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows Thursday as the cryptocurrency traded near the estimated cost basis of the funds’ Bitcoin holdings. The Oct. 22 withdrawals were the largest daily outflow since June 25 and reversed nearly 60% of the inflows the funds attracted over the previous three trading sessions,…

Read the full story on KryptoNews

Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

kryptonew

Recent Posts

Switzerland Bitcoin ETF and Cameroon’s Paul Biya: A Financial Haven Debate

Switzerland approval of its first retail Bitcoin ETF puts investor protection and financial transparency in…

51 minutes ago

JPMorgan Bitcoin Forecast Gives BTC a Major Edge Over US Stocks

JPMorgan Asset Management’s first long-term Bitcoin forecast puts its annual compounded return at 10% over…

52 minutes ago

MARA Selling Bitcoin? Exchange Deposits Put 1,000 BTC Under Watch

Is MARA Selling Bitcoin? Wallets linked to MARA Holdings sent 1,000 BTC, worth about $82.8…

52 minutes ago

Strategy MSCI Delisting Could Trigger Another Market Shock After Indonesia

Bitcoin is trading at $82,800, up 1.5%, but Michael Saylor’s Strategy MSCI delisting points to…

53 minutes ago

Polymarket Bitcoin and Rate Hike Odds Shift as CME Says No Change

Polymarket put the odds of a 25-basis-point Federal Reserve rate hike in October at 23%,…

54 minutes ago

Google Quantum 40x Breakthrough Rekindles Fears of Q-Day

Google latest quantum computing technique reportedly cuts relevant error rates by a factor of 40…

55 minutes ago

This website uses cookies.

Read More