Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red
60-second summary
Investors pull $484.9 million from spot Bitcoin ETFs in a single day, marking the sector’s steepest outflow since June and signaling “Uptober” turning red; the sell‑off coincides with oil hovering near $100, bond yields hitting 2002 highs, and a Federal Reserve still poised to raise rates, pressuring crypto valuations further.
Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the Fed isn't done hiking.