Bitcoin Spot ETFs Experience Significant Outflows

According to PANews, data from SoSoValue indicates that on October 30, Bitcoin spot ETFs saw a total net outflow of $488 million. The largest single-day net outflow was recorded by BlackRock's ETF IBIT, which experienced a withdrawal of $291 million. Despite this, IBIT's historical total net inflow stands at $65.052 billion. Following IBIT, the ETF ARKB, managed by Ark Invest and 21Shares, reported a net outflow of $65.6193 million. The historical total net inflow for ARKB is currently $2.053 billion. As of the latest report, the total net asset value of Bitcoin spot ETFs is $143.944 billion, with an ETF net asset ratio of 6.71% relative to Bitcoin's total market capitalization. The cumulative historical net inflow for these ETFs has reached $61.378 billion.