The October rally we were promised—and institutions were the first to pull out.
So far this October, all three major U.S. spot crypto ETFs have seen net outflows:
BTC: $386 million
ETH: $635 million
SOL: $24.8 million
The ETH ETF has now seen net outflows for 9 consecutive trading days, while the SOL ETF has seen outflows for 5 straight days.
This October, institutions are running even faster than retail investors.
So far this October, all three major U.S. spot crypto ETFs have seen net outflows:
BTC: $386 million
ETH: $635 million
SOL: $24.8 million
The ETH ETF has now seen net outflows for 9 consecutive trading days, while the SOL ETF has seen outflows for 5 straight days.
This October, institutions are running even faster than retail investors.