Bitcoin ETF Outflows Hit $730M as Institutional Investors Exit
Photo: The Coin Republic
Key Insights: Bitcoin ETF outflows contributed $407.4 million to October’s withdrawals. Ethereum ETFs extended their losing streak to eight consecutive trading sessions. Franklin Templeton’s XRP ETF offered another channel for institutional crypto exposure. U.S. spot Bitcoin ETF outflows accelerated through Oct. 8 as cryptocurrency prices retreated. Bitcoin and Ethereum exchange-traded funds (ETFs) recorded combined net withdrawals approaching $1 billion. Farside Investors’ data showed that investors withdrew capital despite inflows earlier in October. The withdrawals raised questions about institutional demand following Bitcoin’s unsuccessful attempt to sustain gains above $85,000. Meanwhile, Franklin Templeton continued to offer XRP exposure through its exchange-traded product.
Source: The Coin Republic
