The post Bitcoin ETFs Witness Massive Outflows Of $242.6M Amidst Escalating Tensions in Middle East appeared first on Coinpedia Fintech News
Amidst the aggravating tensions in the Middle East, Bitcoin ETFs witnessed huge outflows of $242.6 million on Tuesday, marking their worst day since September 3. BTC fell to a low of $60,300, washing out almost all of its gains since the Fed’s rate cut last month. The outflows broke an eight-day streak of inflows as BTC lost as much as 6%, signaling an inauspicious start to “Uptober,” the community’s affectionate name for the calendar month that has historically seen the highest gains for BTC.