Bitcoin ETFs Lose $643 MILLION in a Single Day!
Your wallet might never recover! Bitcoin ETFs have just suffered a shocking $643 million withdrawal in a single day, erasing all of the previous week's gains. This massive exodus of funds from the 12 US spot Bitcoin ETFs has left investors reeling, with five of the funds recording significant withdrawals. The Catalyst Daily Newsletter reports that the October 26-30 week has turned into a net outflow, with a total of $202.4 million lost. The SEC's recent approval of in-kind creations and redemptions for Bitcoin and Ether exchange-traded products has made it easier for investors to buy and sell these funds, but it seems that this convenience has come at a steep price. The market is sending a clear message: it's time to be cautious. Don't miss out on the latest crypto news and analysis - subscribe to our channel for the inside scoop on what's moving the markets.
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