Bitcoin ETF sees biggest outflow in one month amid rising Middle East tensions

The escalating tensions in the Middle East have spooked institutional investors, leading to an outflow of about $243 million from a U.S. Bitcoin exchange-traded fund (ETF).
A combined $242.6 million was raised from 11 U.S. physical bitcoin ETFs on Oct. 1, citing data from Farside Investors.
This is the largest outflow in almost a month, following the outflow of $288 million (approximately 41.469 billion yen) from the Bitcoin ETF on September 3.
This is a massive outflow. It is also the third-largest single-day outflow in the past five months, the largest since September 27 when $494 million was inflowed.
The Fidelity Wise Origin Bitcoin Fund reversed an eight-day trend of inflows.
Bitcoin Fund recorded the largest outflow on October 1st with $144.7 million, followed by ARK 21Shares.
The Bitcoin ETF lost $84.3 million (about 12.13576 billion yen).
Bitwise Bitcoin ETF to raise $32.7 million, VanEck Bitcoin E
TF lost $15.8 million (approximately 2.27378 billion yen), and Grayscale Bitcoin Trust lost $5.9 million (approximately 848.98 million yen).
Invesco, Franklin, Valkyrie, WisdomTree
, and Grayscale's Mini Bitcoin Trust.
iShares Bitcoin Trust was the only one to record a positive inflow, bringing in $40.8 million on the day, marking 15 consecutive days with no outflows.
Following Iran's missile attack on Israel on October 1, Bitcoin's spot price plummeted by nearly $4,000. The asset hit a two-week low of $60,315.
It then fell to $61,620 (about 8.86 million yen) before recovering to $61,620 (about 8.86 million yen).