WS #15572
Bitcoin ETFs recorded outflows nearing $1 billion in October, with Ether funds extending their outflow streak to eight sessions. Bitcoin's price has dropped to $82,000, reflecting broader risk aversion and profit-taking in the crypto market. This weakness in digital assets mirrors the broader equity market decline and suggests a lack of immediate bullish catalysts for the crypto sector.
Bitcoin ETF Outflows and Crypto Weakness
Bitcoin ETFs recorded outflows nearing $1 billion in October, with Ether funds extending their outflow streak to eight sessions. Bitcoin's price has dropped to $82,000, reflecting broader risk aversion and profit-taking in the crypto market. This weakness in digital assets mirrors the broader equity market decline and suggests a lack of immediate bullish catalysts for the crypto sector.