IM7 Intelligence

Bitcoin ETF Whiplash: $1B In, $636M Out — Where Was the Conviction?

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Bitcoin ETFs attracted approximately $1.07 billion in net inflows over three trading sessions. Then October 22 brought roughly $636 million in net outflows.

The market narrative changed almost overnight.

First, traders celebrated the return of institutional investors. Then, a single outflow report challenged that optimism.

But did institutional conviction actually disappear, or were traders…