Ether ETF Outflows Top Bitcoin as Weekly Withdrawals Hit $320 Million
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Ether ETFs recorded $320 million in weekly outflows, exceeding bitcoin withdrawals as five crypto ETF groups tracked by Farside lost a combined $610.7 million.
Ether exchange-traded funds saw $320 million in net outflows during Oct. 12–16, surpassing withdrawals from bitcoin ETFs, according to The Defiant.
Across five crypto ETF groups monitored by Farside, net withdrawals totaled $610.7 million for the period. Ether accounted for slightly more than half of that amount.
Bitcoin ETF outflows fell 66% compared with the previous week. The decline marked a slowdown in withdrawals, rather than a return to net inflows.
Source: The Defiant
