Bitcoin ETFs recorded a significant outflow of $94 million on October 15, highlighting market weakness. The outflows were primarily driven by Grayscale GBTC and Invesco BTCO, which saw withdrawals of $82.90 million and $11.10 million, respectively. In contrast, Ethereum ETFs experienced a $5.32 million inflow.
The broader cryptocurrency market has been under pressure since a selloff on October 10, influenced by concerns over the US-China trade war and tariffs. Bitcoin's price fell 8.2% to $111,584, reflecting the ongoing market volatility.
Bitcoin ETFs Face $94 Million Outflow Amid Market Decline
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