Bitcoin
US Spot Bitcoin and Ether ETFs Post $549 Million in Weekly Net Outflows
Investment funds tracking Bitcoin and Ether saw combined weekly net withdrawals of $549 million as October redemptions for Ether ETFs approached $1 billion.
US spot Bitcoin and Ether exchange-traded funds recorded $549 million in aggregate net outflows last week, according to data from SoSoValue. Bitcoin products logged $229 million in withdrawals for their second consecutive negative week, while Ether funds shed $320 million in their third straight week of outflows.
Spot Ether ETFs have seen approximately $955 million pulled so far in October, representing their largest monthly outflow total of the year. Despite the recent declines, year-to-date figures remain positive, with net inflows standing at roughly $259 million for Bitcoin ETFs and $610 million for Ether funds.
Other crypto investment vehicles also recorded weekly redemptions, including Solana funds with $26 million in outflows, Zcash with $19 million, and Hyperliquid with $18 million. Over the seven-day period, Bitcoin traded around $82,783, while Ether fell 5% to approximately $2,433.
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