Bitcoin ETF Outflows Reach $65 Million as BlackRock Bleeds Cash

Bitcoin ETFs experienced a $65.4 million outflow on October 12, with all losses stemming from IBIT. This figure is significantly lower than the $484.9 million sector outflow seen on October 7. Simultaneously, Ether ETFs continued a downward trend, marking ten consecutive sessions of outflows. These movements indicate that institutional investors are currently trimming their exposure to major digital assets as U.S. crypto ETFs face renewed pressure at the start of the week.