Crypto ETFs Shed $593M as Bitcoin and Ether Outflows Continue
Edited by Steinar Vigdel Kolnes, Editor, Oslo
U.S. crypto ETFs recorded $593 million in weekly outflows through Oct. 16, with withdrawals slowing but selling pressure remaining broad.
U.S. cryptocurrency exchange-traded funds posted $593 million in net outflows in the week through Oct. 16, according to Bitcoin.com News, extending a period of investor withdrawals.
Bitcoin ETFs lost approximately $229 million during the week, while ether funds saw $320 million leave. Ether products accounted for the larger share of withdrawals across those two groups.
Total outflows fell 52% from the previous week, but the slowdown did not signal a return to inflows. The report said selling affected all major crypto ETFs as investors reduced risk exposure.
Source: Bitcoin.com News
