According to CoinMeta, US spot Bitcoin ETF recorded a net outflow of $484.9 million on October 7th, with Blackstone's IBIT leading the way with an outflow of $207.7 million, and Fidelity and Ark also experiencing outflows of over $100 million each. Although the inflow of Bitcoin ETF seemed to recover the previous day, institutional funds quickly shifted towards outflows. This outflow was not concentrated in just one product but was spread across multiple funds, indicating a risk-averse sentiment in the market.