Spot Bitcoin and Ether ETFs Bleed Nearly $1B in October
• BTC ETFs: -$407.4M for the month, -$244.1M on Thursday alone
• ETH ETFs: -$578.9M, an eighth straight session of outflows
• XRP funds were the only ones in the green today, per CoinDesk
Bearish for near-term sentiment: ETH funds are losing faster than Bitcoin, and Uptober is failing to deliver. A return to net inflows would be the first sign this is turning.
Not financial advice. DYOR.
$BTC $ETH
• BTC ETFs: -$407.4M for the month, -$244.1M on Thursday alone
• ETH ETFs: -$578.9M, an eighth straight session of outflows
• XRP funds were the only ones in the green today, per CoinDesk
Bearish for near-term sentiment: ETH funds are losing faster than Bitcoin, and Uptober is failing to deliver. A return to net inflows would be the first sign this is turning.
Not financial advice. DYOR.
$BTC $ETH