Bitcoin, Ethereum and Solana ETFs All in the Red for October
- —Bitcoin ETFs: net $386.3 million outflow in October, $21.1 million inflow on Friday
- —Ethereum ETFs: nine straight days of outflows, $635 million in October, nearly $700 million over the streak
- —Solana ETFs: five straight days of outflows, $24.8 million in October, only $1.3 million inflow on Oct. 2
- —Cumulative inflows since launch: $57.6 billion for BTC ETFs, $13.2 billion for ETH ETFs, $137.9 million for SOL ETFs
Why it matters: October outflows from crypto ETFs point to weak institutional demand and weigh on BTC, ETH and SOL prices.
Source: Decrypt