Bitcoin and Ethereum ETFs see $152M outflows amid cautious investor sentiment in October
On October 16, US spot Bitcoin ETFs experienced net outflows of $82.39 million, while Ethereum ETFs saw $69.68 million leave, totaling about $152 million in one day. October's net outflows for Bitcoin ETFs reached approximately $535 million, reversing the strong inflows seen in September. Despite these outflows, Bitcoin ETFs still hold around $105 billion in assets, and Ethereum ETFs hold about $15 billion. The outflows suggest a cautious risk-off stance among investors rather than a specific negative view on either asset, with trading volumes remaining robust at over $7.5 billion weekly. This indicates continued engagement but with increased caution in the market.
On October 16, US spot Bitcoin ETFs experienced net outflows of $82.39 million, while Ethereum ETFs saw $69.68 million leave, totaling about $152 million in one day. October's net outflows for Bitcoin ETFs reached approximately $535 million, reversing the strong inflows seen in September. Despite these outflows, Bitcoin ETFs still hold around $105 billion in assets, and Ethereum ETFs hold about $15 billion. The outflows suggest a cautious risk-off stance among investors rather than a specific negative view on either asset, with trading volumes remaining robust at over $7.5 billion weekly. This indicates continued engagement but with increased caution in the market.
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