U.S. Spot Bitcoin (BTC) ETFs Post $515.9 Million in October Outflows

U.S. spot Bitcoin (BTC) exchange-traded funds recorded $515.9 million in net outflows across October’s 22 U.S. trading sessions, leaving the month’s daily flow tally in negative territory.

The $515.9 million figure is the sum of daily session totals rounded to $100,000, from Oct. 1 through Oct. 30. A separate monthly tally put net outflows at $515.03 million, a difference of $870,000.

Daily flows reversed sharply late in the month. The funds recorded net inflows of $526.7 million on Oct. 19 and $524.8 million on Oct. 21, followed by net outflows of $635.6 million on Oct. 22 and $643.2 million on Oct. 30.

Net outflows mean more money left the funds than entered them during the period. The figures do not explain why investors moved money.

Bitcoin traded at $77,752 at 6:53 a.m. ET (11:53 UTC) Nov. 2.