Markets· ★★★★· bearish·

Bitcoin and Ethereum ETFs Shed $150.8M in Combined Daily Outflows

  • —Bitcoin ETFs lost $65.4 million, all of it from BlackRock's IBIT
  • —Ethereum ETFs shed $85.4 million, with ETHA down $75.1 million
  • —Ethereum ETF outflows reached about $788.8 million month-to-date
  • —Spot BTC ETFs saw $678.9 million in outflows between Oct. 5 and Oct. 9
Why it matters: Persistent ETF outflows point to weakening institutional demand and add pressure on BTC and ETH prices.
#BTC#ETH
Source: Crypto Economy
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