Spot Bitcoin ETFs shed $635 million on October 22, with BlackRock’s IBIT leading the exodus
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U.S. spot Bitcoin ETFs recorded $635 million in net outflows on October 22, led by withdrawals from BlackRock’s IBIT. The sharp redemption day signals near-term investor risk-off or profit-taking and may add selling pressure on Bitcoin, though one day of flows does not establish a lasting trend.
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