The post Bitcoin’s Decline Parallels ETF Outflows! Fourth Consecutive Day of Outflows! Here Are the Details appeared on BitcoinEthereumNews.com. Bitcoin spot ETFs experienced investor outflows for the fourth consecutive day. According to information shared by SoSoValue, a total of $40.46 million in net outflows from Bitcoin spot ETFs occurred on October 20. Bitcoin Spot ETFs See Net Capital Outflows Over $40 Million for the Fourth Consecutive Day Data showed that BlackRock’s flagship iShares Bitcoin Trust (IBIT) suffered the largest capital loss with net outflows of $101 million during the day. VanEck’s HODL ETF saw net inflows of $21.16 million, and Bitwise’s BITB ETF saw net inflows of $12.05 million. With the latest outflows, the total net asset value of Bitcoin spot ETFs stands at $149.66 billion, equivalent to approximately 6.76% of Bitcoin’s total market capitalization. Experts say the recent outflows could be due to short-term profit-taking by investors and macroeconomic uncertainties, but the overall size of the ETF market suggests that institutional demand for Bitcoin remains strong. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoins-decline-parallels-etf-outflows-fourth-consecutive-day-of-outflows-here-are-the-details/The post Bitcoin’s Decline Parallels ETF Outflows! Fourth Consecutive Day of Outflows! Here Are the Details appeared on BitcoinEthereumNews.com. Bitcoin spot ETFs experienced investor outflows for the fourth consecutive day. According to information shared by SoSoValue, a total of $40.46 million in net outflows from Bitcoin spot ETFs occurred on October 20. Bitcoin Spot ETFs See Net Capital Outflows Over $40 Million for the Fourth Consecutive Day Data showed that BlackRock’s flagship iShares Bitcoin Trust (IBIT) suffered the largest capital loss with net outflows of $101 million during the day. VanEck’s HODL ETF saw net inflows of $21.16 million, and Bitwise’s BITB ETF saw net inflows of $12.05 million. With the latest outflows, the total net asset value of Bitcoin spot ETFs stands at $149.66 billion, equivalent to approximately 6.76% of Bitcoin’s total market capitalization. Experts say the recent outflows could be due to short-term profit-taking by investors and macroeconomic uncertainties, but the overall size of the ETF market suggests that institutional demand for Bitcoin remains strong. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoins-decline-parallels-etf-outflows-fourth-consecutive-day-of-outflows-here-are-the-details/