Crypto ETFs Lose $593M in a Week as Bitcoin, Ether Selling Persists

U.S. crypto ETFs remained under pressure in the week through Oct. 16, with bitcoin funds losing about $229 million and ether ETFs shedding $320 million. The pace of withdrawals eased from the previous week, yet selling spread across all major ETFs as investors continued to reduce risk. Institutional investors pulled roughly $593 million from the five major crypto exchange-traded fund (ETF) categories last week, about 52% less than the $1.2 billion withdrawn a week earlier. Still, every category finished in negative territory.

Source: Bitcoin.com News