Update
US Spot Bitcoin ETFs Record $635M Outflows
US spot Bitcoin exchange-traded funds (ETFs) recorded about $635 million in net outflows on October 22, reversing nearly 60% of the inflows from the previous three sessions. Bitcoin fell to as low as $80,841, below the estimated cost basis of the funds' holdings. The largest fund outflows were from BlackRock's iShares Bitcoin Trust (IBIT) with $254 million, followed by Fidelity's FBTC with $217 million. Morgan Stanley's MSBT was the only fund to attract fresh capital with about $2 million in inflows.