So much for 'Uptober': Bitcoin, Ethereum and Solana ETFs all see October outflows
- —Ether ETFs have posted nine straight days of outflows, losing $635 million in October
- —Solana ETFs are down five sessions in a row, with $24.8 million pulled this month
- —Bitcoin ETFs shed $386.3 million in the first seven trading days of October
- —Bitcoin ETFs took in $21.1 million on Oct. 9 after outflows of $484.9 million and $244.1 million
Why it matters: The sustained exodus from ether and solana ETFs points to weak institutional demand and adds pressure on top altcoin prices.
Source: Digital Today