US Bitcoin ETF October flows turn negative as investors pull out $635 million

US spot Bitcoin exchange-traded funds recorded about $635 million in withdrawals on October 22, the biggest single-day outflow since June 25, when $696 million left. The redemption reversed a $528 million inflow from the previous session and pushed October’s flows negative, although the funds ended the week with a positive $443 million. BlackRock’s iShares Bitcoin Trust lost roughly $254 million after gaining $235 million a day earlier, while Ether ETFs shed about $110 million and XRP ETFs added $3.6 million. Since their January 2024 launch, the Bitcoin funds have taken in $57.32 billion cumulatively and hold $104.71 billion in net assets, making the one-day withdrawal about 1% of assets.