U.S. spot Bitcoin ETFs recorded $244M in net outflows on October 8, while Ethereum ETFs saw $72.5M outflows for an eighth consecutive day.
Macro & Markets ·
U.S. spot Bitcoin ETFs experienced $244 million in net outflows on October 8, with Franklin Bitcoin ETF (EZBC) as the sole product to record inflows among the suite. Spot Ethereum ETFs faced $72.544 million in net outflows that day, extending a streak of consecutive daily outflows to eight. The broader pattern reflects sustained outflow pressure across major cryptocurrency investment products, though the divergence between Bitcoin and Ethereum ETF performance—and the isolation of inflows to a single Bitcoin product—leaves open questions about where capital is rotating and whether the outflow momentum has stabilized or will persist into subsequent trading sessions.