Bitcoin ETFs Recover $110M After Record $774M Outflow, October Still Red

US spot Bitcoin exchange-traded funds (ETFs) clawed back $110 million on Monday, a sharp reversal after a massive $774 million exit just days earlier, according to the latest market data. Despite this rebound, October remains in negative territory with approximately $202 million in net outflows for the month, underscoring persistent investor caution in the cryptocurrency space. The recovery was led by major funds including BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC), which saw renewed inflows as Bitcoin’s price stabilized above the $60,000 mark. This follows a turbulent period marked by geopolitical tensions and profit-taking after Bitcoin’s strong run earlier in the year. Analysts note that while Monday’s inflows are a positive sign, the overall monthly outflow reflects broader uncertainty ahead of the US election and Federal Reserve policy decisions. Why it matters: Bitcoin ETFs are seen as a key barometer of institutional appetite for digital assets. The $774 million single-day outflow was one of the largest on record, highlighting how quickly sentiment can shift. The subsequent $110 million recovery suggests that some investors view the dip as a buying opportunity, but the net October outflow of $202 million indicates that the market is not yet in full risk-on mode. Looking ahead, market participants will closely watch whether inflows continue into November, especially as the election outcome and potential rate cuts could provide a clearer direction for Bitcoin and the broader crypto market.