Bitcoin ETFs

Bitcoin ETFs Face Largest Monthly Outflow Amid Escalating Middle East Tensions

Bitcoin exchange-traded funds (ETFs) in the United States recorded a significant outflow of $242.6 million on Oct. 1, as rising tensions in the Middle East caused concerns among institutional investors.  Notably, data from Farside Investors showed this was the largest outflow in almost a month, following a $288 million exit on Sept. 3. The geopolitical uncertainty appears to have triggered a wave of selling pressure, reversing an eight-day streak of inflows totaling $494 million as of Sept. 27. Key Players See Largest Withdrawals Intriguingly, Fidelity’s Wise Origin Bitcoin Fund witnessed the most substantial outflow, losing $144.7 million on the day.