Bitcoin, Ether ETFs’ October outflows swell toward $1B
Bitcoin ETFs lost $244 million on Thursday, while Ether funds extended their outflow streak to eight sessions, shedding $641 million.
Details
Bitcoin ETFs lost $244 million on Thursday, while Ether funds extended their outflow streak to eight sessions, shedding $641 million.
US spot Bitcoin and Ether exchange-traded funds (ETFs) have recorded nearly $1 billion in combined net outflows so far in October.
According to Farside Investors, Bitcoin ETFs recorded $244.1 million in net outflows on Thursday, following $484.9 million in withdrawals on Wednesday, the largest daily outflow since June 25 .
Ether ETFs posted $72.5 million in net outflows on Thursday, extending their losing streak to eight consecutive trading sessions. The funds have shed about $641.3 million in net outflows over the streak, which began Sept. 29.
October net outflows now total $407.4 million for Bitcoin ETFs and $578.9 million for Ether ETFs. Combined, the funds recorded $986.3 million in net outflows this month.
The withdrawals coincide with a weakening Bitcoin rally. The cryptocurrency fell to as low as $80,427 on Thursday, according to CoinGecko. It traded at $82,506 at the time of writing.
A pickup in spot trading volume and ETF buying would show that Bitcoin’s recent breakout had real support, according to Glassnode.
Related: Bitcoin nears 3-week low as oil heads higher on Iran strike woes
Subscribe to daily byte-sized crypto news from Cointelegraph
Sui’s Hashi to launch with $500M in Bitcoin finance commitments
Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls
US Bitcoin ETFs shed $485M in biggest daily outflow since June
Sui’s Hashi to launch with $500M in Bitcoin finance commitments
Bitcoin monthly ‘new money’ inflows near $5B as BTC price rally stalls
US Bitcoin ETFs shed $485M in biggest daily outflow since June
Crypto projects apply for Anthropic’s new frontier AI security scanner
Bitcoin nears 3-week low as oil heads higher on Iran strike woes
Crypto lending rises again… but have they solved the risks?
Thailand finalizes rules paving way for Bitcoin, Ether ETFs
Cantor Fitzgerald faces Senate Democrat’s questions over Tether ties
Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.
All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy .
Related Coins
BTC, ETH
Source
Cointelegraph RSS
Source: Cointelegraph RSS
