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Bitcoin, Ether ETF outflows near $1B in October

US spot Bitcoin and Ether ETFs see nearly $1 billion in net outflows this October.

  • US spot Bitcoin and Ether ETFs have recorded nearly $1 billion in combined net outflows so far in October.
  • Bitcoin ETFs saw $244.1 million in outflows on Thursday after a $484.9 million withdrawal on Wednesday.
  • Ether ETFs extended their losing streak to eight consecutive sessions, shedding $641.3 million since Sept. 29.

US spot Bitcoin and Ether exchange-traded funds (ETFs) have recorded nearly $1 billion in combined net outflows so far in October, according to data from Farside Investors. Bitcoin ETFs recorded $244.1 million in net outflows on Thursday, following $484.9 million in withdrawals on Wednesday.

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That Wednesday figure marked the largest daily outflow since June 25. Meanwhile, Ether ETFs posted $72.5 million in net outflows on Thursday, according to data from Farside Investors, extending their losing streak to eight consecutive trading sessions. The funds have shed about $641.3 million in net outflows over the streak, which began Sept. 29.

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