Bitcoin gains 2.4% on the week, Ether falls 5.1% as both spot ETFs see outflows
- —BTC +2.4% and ETH -5.1% in the week to October 16, diverging directions
- —Total market cap fell 2.2%; Fear & Greed Index dropped from 69 to 59
- —Spot bitcoin and ether ETFs both ended the week with net outflows
- —Only five deals closed for $18 million, four of them in infrastructure
Why it matters: ETF outflows despite a BTC gain point to weak institutional demand and leave room for further downside.
Source: TokenPost