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Bitcoin ETF Outflows Hit $643M, but BlackRock Bucks Trend

Published Source: BitcoinistRead original

Crypto Insight Summary: TLDR Bitcoin ETF outflows reached $643.2 million on October 30, erasing four days of inflows and pushing October into negative territory. BlackRock’s IBIT led Friday’s withdrawals but still finished the month with $932.1 million in net inflows. Ether funds also faced selling, with combined Bitcoin and Ether ETF withdrawals approaching $799 million for the session. […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive ETF outflows signal institutional selling pressure on BTC and ETH.

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