U.S. Spot Bitcoin and Ethereum ETFs Experience Nearly $1 Billion in Net Outflows in October

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Ethereum news reports that, as of October 9, U.S. spot Bitcoin and Ethereum ETFs experienced a combined net outflow of $986.3 million, according to Farside Investors. Bitcoin ETFs saw a loss of $407.4 million, while Ethereum ETFs declined by $578.9 million. On October 9, Ethereum ETFs recorded a $72.5 million outflow, marking eight consecutive days of outflows. Ethereum’s price remains under pressure as BTC dipped to $80,427 before rebounding to $82,506.

Huo Xing Finance reports that, according to Farside Investors data, as of October 9, U.S. spot Bitcoin and Ethereum ETFs have collectively experienced net outflows of $986.3 million since the beginning of October. Of this, Bitcoin ETFs saw net outflows of $407.4 million, while Ethereum ETFs recorded net outflows of $578.9 million. On Thursday, Bitcoin ETFs had net outflows of $244.1 million, following $484.9 million in outflows the previous day—the largest single-day outflow since June 25. Ethereum ETFs posted net outflows of $72.5 million on Thursday, extending their consecutive net outflow period to eight trading days; during this outflow phase beginning on September 29, cumulative net outflows have reached approximately $641.3 million. Amid these outflows, Bitcoin’s upward momentum has weakened. According to CoinGecko data, BTC dropped to a low of $80,427 on Thursday and has since rebounded to $82,506.

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