Markets· ★★★★· bearish·

Crypto ETFs shed $311.9 million in a single day as October outflows build

  • —Crypto ETFs saw $311.9 million in net outflows on October 6
  • —Bitcoin ETFs lost $244 million, Ethereum ETFs $72.5 million in a day
  • —The outflow streak ran eight straight days, totaling $641.3 million
  • —Total crypto ETF assets under management stand near $117 billion across 32 products
Why it matters: Sustained ETF outflows point to weak institutional demand and weigh on BTC and ETH prices.
#BTC#ETH
Source: Crypto Briefing
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