Wu Blockchain reports that CoinShares stated in its latest bi-weekly market report that last week, U.S. spot BTC ETFs saw net outflows of $679 million, with $485 million flowing out in a single day on Wednesday—the largest single-day outflow since June. ETH ETFs experienced net outflows of $542 million last week, marking nine consecutive trading days of cumulative outflows nearing $700 million. BTC dropped from nearly $87,000 on October 5 to around $80,300, before rebounding to approximately $83,500. The report shows that BTC's correlation with the Nasdaq index has returned to its long-term average of around 40%, while its correlation with inflation-linked bonds continues to strengthen. CoinShares believes that this week's U.S. CPI data will be a key variable. If core CPI rises 0.3% month-over-month, it could reinforce market expectations of a Federal Reserve rate hike in October, potentially putting BTC at risk of testing the $80,000 level again. https://www.(wublock123.com)/news/coinshares-btc-nasdaq-correlation-40-percent-inflation-impact-short-term-69991