Crypto ETFs Face Withdrawals as October ETH Outflows Near $1B
Key Summary
US spot Bitcoin and Ether exchange-traded funds (ETFs) saw $549 million in net outflows last week, as investors continued pulling money from two of the largest crypto funds. October ETH outflows near $1B mark a slowdown from the previous week, when the two recorded $1.22 billion in net outflows.
Precedent & Market Context
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Main Event
US spot Ether ETFs recorded around $955 million in October net outflows so far, while Bitcoin funds extended their weekly withdrawal streak to two weeks. US spot Bitcoin and Ether exchange-traded funds (ETFs) saw $549 million in net outflows last week as investors continued pulling money from two of the largest crypto funds. Bitcoin ETFs recorded around $229 million in weekly net outflows, while Ether funds posted even higher withdrawals at $320 million, according to SoSoValue data.
Analysis & Market Impact
The latest withdrawals marked a second consecutive week of losses for Bitcoin ETFs and a third for Ether funds. Outflows slowed from the previous week, when the two recorded $1.22 billion in net outflows. Spot Ether ETFs have recorded roughly $955 million in net outflows so far in October, more than in any other month this year. Monthly flows in spot Ether ETFs.
Implications & Outlook
Despite the withdrawals, both Bitcoin and Ether ETFs remain in positive territory for 2026, with Bitcoin ETFs attracting roughly $259 million in net inflows year-to-date and Ether ETFs drawing about $610 million. Solana (SOL) ETFs recorded around $26 million in net withdrawals during the week, followed by Zcash (ZEC) at $19 million and Hyperliquid (HYPE) at $18 million, according to SoSoValue data. XRP and BNB funds saw smaller outflows of $1.8 million and $285,000, respectively.