Cryptocurrency ETFs Face Significant Outflows in October
- U.S. spot Bitcoin ETFs experienced a net outflow of $386.3 million in October, with a significant $484.9 million exit on Wednesday.
- Ethereum ETFs have seen nine consecutive days of outflows, losing $635 million in October and nearly $700 million over the streak.
- Solana ETFs are down by $24.8 million for the month after five straight days of outflows.
The cryptocurrency ETF market is experiencing notable turbulence, with significant outflows from major digital assets like Bitcoin, Ethereum, and Solana this month. This trend reflects a reversal from September’s positive inflow streaks across these funds.
Despite initial inflows at the start of October, U.S. spot Bitcoin ETFs faced substantial withdrawals mid-month, marking their worst performance since June (Source).
