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Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise Coin Edition 2 days ago

Bitcoin ETF Investors Flee: $242M Outflow as Middle East Tensions Rise 📉

USA Middle East Bitcoin

U.S. spot Bitcoin ETFs experienced significant outflows amounting to $242.6 million on Tuesday, October 1st.

This happened as Bitcoin's value dipped below $61,000, influenced by rising tensions in the Middle East.

According to Farside Investors, this outflow is the second-largest in nearly a month, with BTC ETFs experiencing a $288 million outflow on September 11th.

Source: coinedition.com ↗

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