Bitcoin and Ether ETFs post net outflows in October
Image: CointelegraphUS spot Bitcoin ETFs recorded net outflows in October, and Ether ETF products also lost money. Bitcoin ETFs shed about $262 million on Wednesday, bringing weekly outflows to $151 million. Ether ETFs lost around $130 million that day and $190 million for the week. On October 16, Bitcoin ETFs lost $82.39 million and Ether funds $69.68 million. XRP ETFs attracted about $740,000 on Wednesday and were the only tracked category with positive weekly net flows.
Key points
- Bitcoin ETFs recorded net outflows in the latest reported week.
- Bitcoin ETF outflows reversed prior inflows in both reports.
Why it matters
The outflows show investors pulled money from Bitcoin and Ether ETF products while BTC traded around $80,741, down 3.2% over 24 hours. Bitcoin ETFs still held more than 1.27 million BTC, and weekly trading volume topped $7.5 billion.
What's unclear
Daily Bitcoin ETF outflow estimates conflict, with $82.39 million reported for October 16 and alternative tallies as low as $10.6 million.
Price context · BTC
At publication
$81,514.00
Now
$81,516.00
Change since
+0.00%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
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