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Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows Thursday as the cryptocurrency traded near the estimated cost basis of the funds' Bitcoin holdings. The Oct. 22 withdrawals were the large...

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Bitcoin ETFs shed $635 million as BTC tests their holdings’ estimated $81,500 cost basis

US spot Bitcoin exchange-traded funds recorded about $635 million in net outflows Thursday as the cryptocurrency traded near the estimated cost basis of the funds' Bitcoin holdings. The Oct. 22 withdrawals were the largest daily outflow since June 25 and reversed nearly 60% of the inflows the funds attracted over the previous three trading sessions,…

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