Crypto ETFs shed $311.9 million in a single day as October outflows build
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Crypto ETFs saw fresh redemptions in October, with one day’s withdrawals reported at $311.9 million in one account of the market and $316.6 million across U.S. Bitcoin and Ether ETFs in another. Later coverage added that Bitcoin ETFs posted $244.1 million of outflows on Oct. 8, while Ether funds lost $72.5 million and kept an eight-session outflow streak.
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What it means
ETF investors saw another day of withdrawals, and that shows up immediately for people tracking these funds and the broader crypto market. The Oct. 8 figures also leave Ether funds on an eight-session outflow streak, which is visible to holders and market watchers today.
Compared with earlier sessions, the fund flows no longer stayed limited to one asset class, because both Bitcoin and Ether products showed redemptions in the same period. What remains unchanged is that the reports still describe net outflows rather than any shift in the structure of the products themselves.
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