US Spot Bitcoin ETFs Record $82.4 Million in Net Outflows
US spot Bitcoin ETFs recorded approximately $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million and Fidelity’s FBTC for about $10.6 million.
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Bitcoin Falls to $82,000 as Hotter U.S. Inflation Fuels Rate-Hike Concerns
U.S. headline CPI rose to 3.7% year over year, above the 3.6% consensus and the prior 3.4% reading. The body also reports $175.6 million in U.S. spot Bitcoin ETF net inflows.
Bitcoin Approaches January Highs
Bitcoin rose toward $82,000 in late September, approaching its highest level since January amid renewed institutional demand. US spot Bitcoin ETFs recorded $433 million in net inflows on September 18, led by Fidelity and BlackRock, reversing heavy outflows earlier in the week. Still, the funds ended the week with only