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U.S. Spot Bitcoin and Ether ETFs Lose $645.8 Million in One Day

Bitcoin ETFs posted $484.9 million in net outflows, while Ether ETFs recorded $160.9 million. Ether funds have now seen seven consecutive sessions of net outflows.

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Two metallic investment tokens beside a sharply lowered market bar / TokenPost.ai
Two metallic investment tokens beside a sharply lowered market bar / TokenPost.ai

U.S. spot Bitcoin and Ether exchange-traded funds recorded a combined $645.8 million in net outflows on Oct. 7, extending pressure across both major crypto asset products.

Bitcoin (BTC) ETFs accounted for $484.9 million of the total, while Ether (ETH) ETFs recorded $160.9 million in net outflows. The Bitcoin products saw the larger withdrawal during the session.

Ether ETFs have now posted net outflows for seven consecutive trading days, marking a sustained run of withdrawals from the U.S. spot market.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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