Bitcoin and Ether ETF Outflows Top $1.2 Billion in Weekly Reversal

U.S. exchange-traded funds tied to bitcoin and ether saw more than $1.2 billion in combined outflows in the week through Oct. 9, according to Bitcoin.com News. The withdrawals marked a sharp reversal in demand.

Bitcoin ETFs accounted for $681 million of the outflows, ending a run of three consecutive weeks of net inflows.

Solana also recorded a reversal, with its 14-week inflow streak coming to an end. XRP and NEAR were among the few assets that continued to attract demand during the period.