The institutional picture shifted sharply last week as US spot Bitcoin and Ethereum ETFs collectively bled over $1.2 billion. $BTC $ETH $GTC
U.S. spot Bitcoin ETFs recorded net outflows of approximately $681 million to $731 million over the past week, ending a positive streak.
The heaviest withdrawals happened on October 7 ($487 million) and October 8 ($244 million).
Ethereum ETFs recorded a multi-day streak of net outflows with nearly $697 million withdrawn since late September.
U.S. investor selling pressure is visible through Coinbase trading at a discount compared to other exchanges.
Macro factors include elevated oil prices, a stronger U.S. dollar, and ongoing uncertainty regarding Federal Reserve policy moves.
U.S. spot Bitcoin ETFs recorded net outflows of approximately $681 million to $731 million over the past week, ending a positive streak.
The heaviest withdrawals happened on October 7 ($487 million) and October 8 ($244 million).
Ethereum ETFs recorded a multi-day streak of net outflows with nearly $697 million withdrawn since late September.
U.S. investor selling pressure is visible through Coinbase trading at a discount compared to other exchanges.
Macro factors include elevated oil prices, a stronger U.S. dollar, and ongoing uncertainty regarding Federal Reserve policy moves.