U.S. spot Bitcoin and Ethereum ETF October total net outflows have approached 1000000000 USD，ETH ETF consecutive 8 days of outflows
BIBIBI
AT A GLANCE
U.S. spot Bitcoin and Ethereum ETF in October have recorded total net outflows to date of 986300000 USD。
Article
U.S. spot Bitcoin and Ethereum ETF October total net outflows have approached 1000000000 USD，ETH ETF consecutive 8 days of outflows
BlockBeats reports that,October 9, according to data from Farside Investors, U.S. spot Bitcoin and Ethereum ETF in October have recorded total net outflows to date of 986300000 USD. Of this, Bitcoin ETF recorded net outflows of 407400000 USD, while Ethereum ETF recorded net outflows of 578900000 USD.
Bitcoin ETF recorded net outflows of 244100000 USD on Thursday, compared with net outflows of 484900000 USD the previous day, marking the largest single-day outflow since June 25. Ethereum ETF recorded net outflows of 72500000 USD, bringing the number of consecutive days of net outflows to 8 trading days; during this round of outflows, which began on September 29, cumulative net outflows have reached approximately 641300000 USD.
The outflows came as Bitcoin’s rally weakened. CoinGecko data shows that BTC fell to a Thursday low of 80,427 USD, and has now recovered to 82,506 USD.
Original link https://m.theblockbeats.info/flash/370976
Key points
01
According to data from Farside Investors, U.S. spot Bitcoin and Ethereum ETF in October have recorded total net outflows to date of 986300000 USD。
02
Bitcoin ETF recorded net outflows of 407400000 USD, while Ethereum ETF recorded net outflows of 578900000 USD。
03
Bitcoin ETF recorded net outflows of 244100000 USD。
04
Ethereum ETF recorded net outflows of 72500000 USD, with consecutive net outflows lasting 8 trading days.
05
BTC fell to a Thursday low of 80,427 USD, and has now recovered to 82,506 USD。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
ETF Outflows indicate that, during the period, more funds were withdrawn from the relevant ETF than flowed in. The report shows that spot October products for Bitcoin and Ethereum ETF both recorded net outflows, with Ethereum’s ETF consecutive outflows lasting 8 trading days.
Why it matters to readers
The simultaneous occurrence of outflows and a weakening BTC rally may reflect pressure on demand for related ETF funds; however, this report alone cannot confirm the subsequent price direction.
If you follow Bitcoin and Ethereum through ETF or crypto assets, these fund-flow data can help you understand recent changes in market capital flows, but they do not constitute a definitive buy or sell signal.
Risks and unknowns
The above data comes solely from the provided report; the original data from Farside Investors or CoinGecko has not been independently verified.
The report does not state whether the outflows will continue in subsequent trading days.
The report does not prove that ETF outflows and BTC price changes have a definite causal relationship.
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Spot ETF
Directly holds the underlying assets, with its fund units corresponding to the actual assets held in custody ETF。
