Bitcoin and Ether ETFs end October with heavy outflows
BROBROK News · Based on reporting by Cointelegraph ·
US-listed spot Bitcoin ETFs saw $643 million in net withdrawals on Friday, pushing October into negative territory with $515 million in monthly outflows. Ether ETFs also logged redemptions, ending the month with a record $1.61 billion in outflows.
Key points
- US spot Bitcoin ETFs lost $643 million on Friday.
- October closed with $515 million in net outflows for Bitcoin funds.
- BlackRock’s IBIT and Fidelity’s FBTC led the day’s withdrawals.
- US spot Ether ETFs saw $156 million in outflows on Friday.
- Ether funds set a monthly record with $1.61 billion in net outflows.
Why it matters
ETF flows are a key gauge of institutional demand for BTC and ETH. Sustained redemptions suggest investors turned more defensive during the latest market drop and after the Binance hack.
Original headline: “Bitcoin ETFs sink into October outflows with $643M exit after Binance hack”
Read the original on Cointelegraph
Summary and analysis written by BROBROK News from the original report. Read the full story on the source website. Not investment advice.