U.S. Bitcoin spot ETFs saw $65.40M in net outflows on October 12, with Ethereum spot ETFs extending a 10-day outflow streak totaling $85.39M.
Macro & Markets ·
U.S. Bitcoin spot ETFs experienced $65.40 million in net outflows on October 12, with BlackRock's IBIT accounting for the entire outflow. Ethereum spot ETFs recorded a steeper withdrawal of $85.39 million during the same period, marking the tenth consecutive day of outflows for that product class. The data, compiled by SoSoValue, reflects sustained redemption pressure across major spot ETF products tracking both Bitcoin and Ethereum. What remains unclear is whether the outflows reflect broader market sentiment shifts, tactical rebalancing by institutional holders, or responses to specific news events, and whether the Ethereum outflow streak will extend further.