U.S. Bitcoin and Ethereum ETFs Experience Major Weekly Outflows
- U.S. spot Bitcoin ETFs recorded outflows of $681.1 million from Oct. 5 to Oct. 9.
- Spot Ethereum ETFs lost $542.07 million, marking their second-largest weekly outflow total of the year.
- Combined, both segments saw over $1.22 billion in outflows across five trading sessions.
- NEAR ETFs led inflows among other cryptocurrencies, attracting $35.99 million during this period.
- BlackRock’s ETHA accounted for most of the Ethereum ETF outflows, totaling $477.04 million.
The significant outflows from both Bitcoin and Ethereum ETFs indicate a notable shift in investor sentiment during this reporting period, with NEAR funds showing resilience amid the downturn.
Overall, U.S. Bitcoin and Ethereum ETFs faced substantial withdrawals totaling over $1.22 billion, reflecting ongoing market volatility and investor caution.(Source)
