EconomyBitcoin ETFs see biggest outflow since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin ETFs recorded $484.9 million in outflows on Oct. 7, their largest one-day withdrawal since June 25. Ethereum ETFs lost $160.9 million, bringing five-session outflows to $506.3 million, the highest since January. The two groups shed about $646 million as Bitcoin closed below $83,000 and Ethereum moved toward $2,500. Analysts said institutional demand had already weakened, and further price declines could prompt more redemptions.
Bitcoin ETFs see biggest outflow since June as Ethereum withdrawals hit nine-month high
Economy