Bottom line: On October 8, Bitcoin and Ethereum ETFs saw combined outflows of $317 million. Funds are pulling back, but sentiment is still running hot.
Bitcoin ETFs saw outflows of $244 million, Ethereum ETFs $72.54 million, and SOL ETFs $3.32 million. All three product types saw funds pulled out, signaling a marked contraction in institutional buying. Be cautious about chasing short-term rallies.
But on October 10, the Fear & Greed Index was still at 64, in the greed zone. Funds are flowing out while sentiment remains heated, and market divisions are widening. The next thing to watch is whether ETFs can stem the outflows.
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With ETF outflows continuing, would you reduce your position first or wait for funds to flow back in?
View in real time: https://www.coinboss.com/etf