Bitcoin ETFs bleed $635M as October slides back into the red

US spot Bitcoin Exchange-Traded Funds (ETFs) experienced notable financial pressure as they recorded $635 million in outflows during Thursday's trading session. This substantial withdrawal effectively brought an end to a preceding three-day period where these ETFs had seen consistent inflows. Consequently, the cumulative net outflows for US spot Bitcoin ETFs throughout the month of October have now reached $175 million, pushing their performance back into negative territory for the period.