Bitcoin and Ether ETFs Experience Significant Outflows in October
- US spot Bitcoin ETFs recorded $244.1 million in net outflows on Thursday.
- Total withdrawals for Bitcoin ETFs reached $407.4 million this month.
- Ether ETFs posted $72.5 million in net outflows on Thursday, extending their streak to eight sessions.
- Combined, Ethereum ETFs have seen $578.9 million in outflows, totaling $986.3 million across both funds.
- Bitcoin’s price fell to a low of $80,427 on Thursday before trading at $82,506 later.
The significant outflows from both Bitcoin ETFs and Ether ETFs highlight investor concerns amid a weakening Bitcoin rally and declining prices.
October has seen nearly $1 billion in combined net outflows for these funds, with Bitcoin and Ether experiencing substantial withdrawals of $407.4 million and $578.9 million respectively this month.
