Markets· ★★★★· bearish·

Crypto ETFs Shed $1.26B Over Six Days as Strategy Buys 250 BTC

  • —Bitcoin ETFs saw about €668 million in outflows; Ethereum funds lost €561 million
  • —Inflows into NEAR (€15M), XRP and Chainlink (€10M each) failed to offset the losses
  • —Strategy bought 250 BTC for €19 million between October 5 and 11, funded mostly by share sales
  • —October 12 marked the sixth straight trading day of net outflows from US crypto ETFs
Why it matters: Sustained ETF outflows weigh on BTC and ETH prices, but Strategy's continued purchases signal that major corporate holders keep accumulating.
#BTC#ETH#NEAR#XRP
Source: Crypto Insiders
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