Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million
BTC when published $81,334Now $80,595 ▼ −0.91% since it was published
Spot crypto ETFs extended a rough October on the 16th, with both Bitcoin and Ethereum products losing money on the same day US spot Bitcoin ETFs lost $82.39 million in net outflows on October 16. Their Ethereum counterparts had no better luck. They gave up $69.68 million the same day. Combined, the two product groups saw roughly $152 million leave in one session. The bigger picture is the monthly tally. Bitcoin ETFs had run up roughly $535 million in net outflows for October through mid-month. That reverses September, when the funds pulled in about $2.6 billion of fresh money. Bitcoin ETF trading volume topped $7.5 billion in the week ending October 16. Net selling over the past week came to only about $145 million.
First reported by Crypto Briefing. This page is a short excerpt; the full text is theirs.
