Spot Bitcoin ETFs see $537M in net outflows for second straight day

U.S. spot Bitcoin ETFs recorded a total of $537.01 million in net outflows on Oct. 16, marking the second consecutive trading day of withdrawals, according to data from Trader T. Ark Invest's ARKB saw the largest net outflow at $275.15 million. It was followed by Fidelity's FBTC with $132 million, Grayscale's GBTC with $44.97 million, BlackRock's IBIT with $29.37 million, and Grayscale's Mini BTC with $22.52 million. Bitwise's BITB and VanEck's HODL also experienced net outflows of $20.58 million and $6.12 million, respectively.