Bitcoin and Ether ETFs Lose $548.5 Million as Weekly Outflows Ease
Photo: TokenPost
U.S. spot funds tied to Bitcoin (BTC) and Ether (ETH) saw net withdrawals of $548.5 million across five trading sessions ending Oct. 16, down from the previous week. Ether funds accounted for $320.1 million of the net outflows from Oct. 12-16, while Bitcoin funds accounted for $228.4 million. The combined amount was about 55% below the $1.2211 billion withdrawn from the same two fund categories over Oct. 5-9. In that earlier period, Bitcoin funds had $678.9 million in net outflows and Ether funds had $542.2 million. Both groups ended Friday, Oct.
Also reported by The Defiant.
Source: TokenPost
