Bitcoin ETFs Face $1.22 Billion Outflows Amid Market Turbulence
This week, Bitcoin ETFs experienced significant outflows, totaling $1.22 billion, as the cryptocurrency market faced turbulence. Despite a 6% decline in Bitcoin's value this October, analysts remain optimistic about a potential recovery, driven by anticipated Federal Reserve rate cuts and historical patterns suggesting gains in the latter half of the month.
Charles Schwab, a major player in the crypto ETF space, continues to express confidence in these investment products, with plans to launch spot crypto trading by 2026. Concurrently, Cathie Wood's ARK Invest is positioning itself for growth by filing for three new Bitcoin ETFs, aiming to attract diverse investors.
Amid these developments, market dynamics remain fragile, highlighted by a recent $19 billion liquidation event that has impacted Bitcoin's price, raising questions about future market stability.
The press radar on this topic:
Crypto prices falling: Why “Uptober” is not going as expected?
Bitcoin ETFs shed $1.2B in red week, but Schwab remains bullish
Bitcoin dips below $110k as spot ETFs see $536m outflows; XYZVerse jumps with CS2 League launch
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand