#bitcoin Tech News.
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US spot Bitcoin and Ether exchange-traded funds recorded $549 million in net outflows last week as investors pulled money from crypto funds. Ether funds posted $320 million in withdrawals while Bitcoin funds saw $229 million leave. Spot Ether ETFs have recorded roughly $955 million in net outflows so far in October, more than in any other month this year.
Bitcoin traded near $82,500, up 0.7% since midnight UTC and 1.3% over 24 hours, as China's GDP grew 4.5% in the third quarter. This data, released Monday by the National Bureau of Statistics, exceeded the 4.3% second-quarter pace and 0.5% expected retail sales, lifting risk appetite alongside lower oil prices.
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