BlackRock's IBIT Sheds $291M in a Day, as Bitcoin ETFs Pull Back
Update: 2025-10-31
Description
**Summary:**The world of Bitcoin exchange-traded funds (ETFs) experienced a significant outflow of funds on October 31st, with nearly four hundred million dollars exiting in a single day. This trend was driven by macroeconomic uncertainty, including actions between Donald Trump and China, and mixed signals from the Federal Reserve about future interest rate cuts. The options market also reflected this nervousness, with traders buying downside protection and the seven-day delta skew dropping sharply. Despite these short-term jitters, the long-term story for crypto ETFs remains positive, with net inflows exceeding three point six billion dollars in October. Prediction markets and market sentiment indicators show that confidence in crypto's comeback is holding up, with optimism still beating fear among both retail and institutional players.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
