US spot Bitcoin and Ethereum ETFs posted combined net outflows of nearly $1 billion in October, with ETH ETFs seeing outflows for 8 consecutive days.
38 minutes ago
According to data from Farside Investors, U.S. spot Bitcoin and Ethereum ETFs have posted a combined net outflow of $986.3 million so far in October. Of this total, Bitcoin ETFs saw a net outflow of $407.4 million, while Ethereum ETFs recorded $578.9 million in net outflows. Bitcoin ETFs saw a $244.1 million net outflow on Thursday, following a $484.9 million outflow the prior day — their largest single-day outflow since June 25. Ethereum ETFs posted a $72.5 million net outflow on Thursday, extending their consecutive net outflow streak to 8 trading days; total net outflows during the current outflow period that began on September 29 stand at roughly $641.3 million. Amid these outflows, Bitcoin’s rally has weakened. Data from CoinGecko shows BTC hit a low of $80,427 on Thursday and has since rebounded to $82,506.
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