Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B
BTC when published $82,751Now $80,595 ▼ −2.61% since it was published
US spot Ether ETFs recorded around $955 million in October net outflows so far, while Bitcoin funds extended their weekly withdrawal streak to two weeks. US spot Bitcoin and Ether exchange-traded funds (ETFs) saw $549 million in net outflows last week as investors continued pulling money from two of the largest crypto funds. Bitcoin ETFs recorded around $229 million in weekly net outflows, while Ether funds posted even higher withdrawals at $320 million, according to SoSoValue data. The latest withdrawals marked a second consecutive week of losses for Bitcoin ETFs and a third for Ether funds. Outflows slowed from the previous week, when the two recorded $1.22 billion in net outflows.
First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.
