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<ul class="wp-block-list">
 <li>U.S. Bitcoin ETFs saw $242.6M outflows on Oct. 1, the largest in a month, driven by Middle East tensions.&nbsp;&nbsp;</li>  
 <li>Fidelity’s Wise Origin Bitcoin Fund led with a $144.7M outflow, while BlackRock’s iShares Bitcoin Trust posted a $40.8M inflow.&nbsp;&nbsp;</li>  
 <li>U.S. Ether ETFs faced $48.6M outflows, led by Grayscale’s Ethereum Trust losing $26.6M, amid geopolitical uncertainty.</li> 
</ul>  
<p>Bitcoin exchange-traded funds (ETFs) in the United States recorded a significant outflow of $242.6 million on Oct. 1, as rising tensions in the Middle East caused concerns among institutional investors.&nbsp;</p>  
<p>Notably, data from Farside Investors showed this was the largest outflow in almost a month, following a $288 million exit on Sept. 3. The geopolitical uncertainty appears to have triggered a wave of selling pressure, reversing an eight-day streak of inflows totaling $494 million as of Sept. 27.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/FarsideUK/status/1841323255858155628
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<h2 class="wp-block-heading" id="h-key-players-see-largest-withdrawals"><strong>Key Players See Largest Withdrawals</strong></h2>  
<p>Intriguingly, Fidelity’s Wise Origin Bitcoin Fund witnessed the most substantial outflow, losing $144.7 million on the day. This marked the largest single withdrawal among the 11 U.S. spot Bitcoin ETFs.&nbsp;</p>  
<p>Additionally, ARK 21Shares Bitcoin ETF also saw a significant reduction, with $84.3 million flowing out. The Bitwise Bitcoin ETF followed with a $32.7 million outflow, while VanEck’s Bitcoin ETF recorded a $15.8 million withdrawal. Grayscale’s Bitcoin Trust shed $5.9 million.&nbsp;</p>  
<p>Meanwhile, several funds experienced zero flows, including those managed by Invesco, Franklin, Valkyrie, WisdomTree, and Grayscale’s Mini Bitcoin Trust. Despite the broader market selloff, BlackRock’s iShares Bitcoin Trust remained resilient, posting a positive flow of $40.8 million. This marked its 15th consecutive day without any outflows.</p>  
<p>Besides, the sell-off in Bitcoin ETFs coincided with a sharp drop in the price of Bitcoin. Following reports of Iran’s missile attack on Israel, the cryptocurrency’s value plunged by nearly $4,000.&nbsp;</p>  
<p>Notably, it reached a two-week low of $60,315 before slightly rebounding to $61,620. This sharp decline underscores how geopolitical events can impact the digital asset market, causing swift reactions among investors.</p>  
<h2 class="wp-block-heading" id="h-ethereum-etfs-also-see-outflows"><strong>Ethereum ETFs Also See Outflows</strong></h2>  
<p>In addition to Bitcoin, U.S. spot Ether ETFs faced similar challenges. The nine U.S. Ether products saw an aggregate outflow of $48.6 million on Oct. 1.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/FarsideUK/status/1841323173255561589
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<p>On the other hand, Grayscale’s Ethereum Trust led the withdrawals, losing $26.6 million, while Fidelity’s Ethereum Trust followed closely, shedding $25 million. These two funds contributed the bulk of the total outflows in the Ether market.</p> 
<p>The post <a href="https://cryptonewsland.com/bitcoin-etfs-face-largest-monthly-outflow-amid-escalating-middle-east-tensions/" rel="noopener noreferrer nofollow">Bitcoin ETFs Face Largest Monthly Outflow Amid Escalating Middle East Tensions</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin ETFs Face Largest Monthly Outflow Amid Escalating Middle East Tensions

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