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Bitcoin ETFs record $773 million in two-day outflows as BTC price tests $80,000

FROM THE WIRE · U.TODAY

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $137.94 million in net outflows on Oct. 23, according to SoSoValue data.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishHeavy outflows from spot Bitcoin ETFs signal institutional selling pressure on the bitcoin price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01U.S. spot Bitcoin ETFs recorded $137.94 million in net outflows on Oct. 23, according to SoSoValue data.
  2. 02The two-day outflow total cited in the headline is $773 million.
  3. 03The BTC price is testing the $80,000 level.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
BitcoinBTCUSDCrypto80,738.40 USD+0.32%today -0.41%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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