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Bitcoin and Ether ETFs Bleed Nearly $1 Billion in October as Outflows Deepen
US spot Bitcoin funds shed $244.1 million on Thursday, adding to $484.9 million of withdrawals a day earlier, which was the heaviest daily exit since June 25.
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US spot Bitcoin funds shed $244.1 million on Thursday, adding to $484.9 million of withdrawals a day earlier, which was the heaviest daily exit since June 25.
For October so far, Bitcoin products have lost $407.4 million in net terms, based on Blockto figures. The selling comes as bitcoin’s recent rally loses steam. The coin touched a low of $80,427 on Thursday and was changing hands near $82,506 at the time of writing.
Ether ETF Outflow Streak Hits Eight Sessions
Ether funds fared worse in relative terms. They posted $72.5 million in net outflows on Thursday, stretching their losing run to eight straight trading sessions that began Sept. 29. Across that stretch, investors pulled about $641.3 million. October’s total for Ether ETFs now stands at $578.9 million.
Combined Outflows and What Could Change the Trend
Taken together, Bitcoin and Ether ETFs have recorded $986.3 million in net outflows this month, close to the $1 billion mark.
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Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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Emerging voice in crypto journalism with a background in fintech and digital economics. Covers DeFi, NFTs, and the evolving regulatory landscape.
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