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.
In October, Bitcoin and Ether ETFs have experienced significant outflows, totaling nearly $1 billion in combined net outflows, according to Farside Investors. Bitcoin ETFs recorded $244.1 million in net outflows on Thursday, following $484.9 million in withdrawals on Wednesday, marking the largest daily outflow since June 25. Ether ETFs, on the other hand, posted $72.5 million in net outflows on Thursday, extending their losing streak to eight consecutive trading sessions, with a total of $641.3 million in net outflows over the streak.
The outflows coincide with a weakening Bitcoin rally, with the cryptocurrency falling to as low as $80,427 on Thursday, according to CoinGecko.
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