Bitcoin ETFs Lose $910M in Two Weeks as Inflation and Rate Fears Rise

U.S. spot Bitcoin ETFs lost about $910 million over two weeks. SoSoValue showed $228.6 million in net outflows this week after $681.1 million last week. Wednesday redemptions hit $261.4 million, the largest weekly outflow, as September consumer inflation rose 3.7% year over year. Hotter producer prices revived Federal Reserve rate hike bets. Bitcoin briefly dropped below $80,000 Thursday.