ETF rout: BTC ETFs -$536.44M Oct 16with ARKB -$275.15M, FBTC -$132M, GBTC -$44.97M, IBIT -$29.46M, ETH ETFs -$56.88M, combined $1.56B shed in two weeks. Total trading $8.08B highest of week. 2. Macro: Hotter US CPI 3.7% revived Fed hike odds, BTC briefly below $80k, recovered as rate-hike fears eased slightly. 3. Flow: October redemptions top $530M, institutional demand fragile after $3.52B Aug inflows.