What the data shows: US spot bitcoin ETFs ended October with net outflows of $515.0 million, even though the month was still $128.3 million in positive territory before its final trading day. Our assessment follows further down: the monthly figure describes a rotation between providers, not a flight from the asset class.
Bitcoin is trading at $78,443 on Monday morning. That is 0.91 percent higher than 24 hours earlier, measured on Monday, November 2, at 05:52 on CoinGecko. The range over the past 24 hours runs from $77,616 to $78,733, with trading volume at $78.1 billion.
Where the bitcoin price stands on Monday morning
Today is the first trading day of November. The US funds through which most institutional money flows into bitcoin have been closed since Friday evening. Whatever news built up during this break will only be reflected in fund shares once the Nasdaq opens.
The price itself barely moved over the weekend. On Friday, October 30, bitcoin closed at $77,839; on Saturday it stood at $77,223 and on Sunday at $77,474. Market ...
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