From TokenPost · · 40s
Bitcoin Drops 2% in October
Bitcoin falls 2% in October as U.S. spot ETFs record $228.4 million in redemptions.
In brief
Bitcoin falls 2% in October as U.S. spot ETFs record $228.4 million in redemptions. Bitcoin dropped 2% in October after U.S. spot Bitcoin ETFs recorded $228.4 million in redemptions. Originally reported by TokenPost.
Bitcoin price drop
Bitcoin fell 2% since the start of October on Monday, Oct. 19, as U.S. spot Bitcoin exchange-traded funds recorded $228.4 million in redemptions last week.
ETF redemptions
The redemptions do not explain why investors withdrew money or what drove Bitcoin’s price move.
October trend
October has finished higher for Bitcoin in 10 of the past 13 years, a record behind the market nickname 'Uptober.'
The essence
Bitcoin dropped 2% in October after U.S. spot Bitcoin ETFs recorded $228.4 million in redemptions.
