On October 1st, significant shifts were observed in the cryptocurrency market, with notable outflows from U.S. spot Bitcoin exchange-traded funds (ETFs).
This marked a startling reversal of the previous trend, demonstrating the market's sensitivity to geopolitical tensions in the Middle East.
The substantial outflows highlight the volatile nature of Bitcoin ETFs and the broader crypto market during periods of global uncertainty.
The $243 million outflow is a record, indicating investor caution and possible repositioning of assets.
