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On October 2, 2024, <a href="https://optimisus.com/news/crypto-news/the-secs-approval-of-bitcoin-etf-options-is-set-to-boost-liquidity/" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds (ETFs)</a> experienced their first net outflows in two weeks, with $243 million exiting the market.This downturn coincided with a significant drop in Bitcoin's price, which fell over 4% amid escalating geopolitical tensions in the Middle East, particularly following Iran's attack on Israel. The outflows marked the end of an eight-day streak of net inflows for U.S. spot Bitcoin ETFs, with the largest outflow since early September.While BlackRock’s IBIT ETF saw inflows of over $40.8 million, other major players like Fidelity’s FBTC and Ark 21Shares’ ARKB faced substantial losses, with negative flows of $144.7 million and $84.3 million, respectively.As Bitcoin's price dipped to around $60,300 from previous highs above $64,000, a significant whale offloaded over $46 million in <a href="https://optimisus.com/news/crypto-news/bitcoin-soars-to-61k-while-israel-iran-tensions-heat-up/" rel="noopener noreferrer nofollow">BTC</a> on Binance, despite still holding a substantial stash of 9,736 bitcoins valued at over $601 million.This marked the sharpest price decline for Bitcoin since early September, reflecting the market's sensitivity to external pressures and investor sentiment.

Bitcoin ETFs see over $240 million outflow as markets fell amid Iran’s missile attack on Israel

Optimisus

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