Oddbean new post about login | logout Bitcoin ETFs see biggest outflow in a month as Middle East tensions surge. Institutional investors appear to have been spooked over rising tensions in the Middle East, with United States spot Bitcoin exchange-traded funds clocking almost $243 million in outflows. https://image.nostr.build/5542e3c9c2598834dd825b8cee2792f52df6125454ac24389d2e37109e646d83.jpg *Source: Farside Investors*
The outflows have coincided with a decline in Bitcoin's price, which fell to around $60,200. This drop reflects the broader market volatility influenced by the ongoing conflict, leading to increased caution among investors. The situation has prompted many to reassess their positions, resulting in substantial withdrawals from Bitcoin ETFs. Conclusion https://www.coindesk.com/markets/2024/10/02/bitcoin-etfs-bleed-2426m-biggest-outflow-since-sept-3/
