Significant Outflows from U.S. Bitcoin and Ethereum ETFs
- U.S. spot Bitcoin and Ethereum ETFs saw combined outflows exceeding $548 million from Oct. 12 to Oct. 16.
- Bitcoin ETFs recorded net outflows of $228.58 million, while Ethereum ETFs faced $319.97 million in outflows.
- The largest single-day outflow for Bitcoin occurred on Oct. 14, with withdrawals totaling $261.46 million.
- BlackRock’s IBIT led Bitcoin ETF outflows at $165.45 million, while its ETHA accounted for $298.97 million in Ethereum ETF withdrawals.
- NEAR ETFs attracted the most inflows among altcoins, gaining $11.65 million, contrasting with SOL ETFs that lost $25.52 million.
The recent trend of substantial capital withdrawal from Bitcoin and Ethereum ETFs highlights investor sentiment shifts within the cryptocurrency market during this period.
Overall, the significant net outflow of over $548 million underscores ongoing volatility as investors reassess their positions in major cryptocurrency funds.(Source)
