Spot Bitcoin and Ether ETFs post about $152 million in combined daily outflows

what happened

Cryptobriefing reports that US spot Bitcoin ETFs recorded net outflows of $82.39 million on October 16, while Ethereum funds gave up $69.68 million. Together, roughly $152 million left the two product groups in a single session.

For October through mid-month, Bitcoin ETFs have shed about $535 million, reversing September, when they took in roughly $2.6 billion. Bitcoin ETF trading volume exceeded $7.5 billion in the week ending October 16, while net selling for the week was about $145 million. Other data sources show a much smaller Bitcoin outflow of $10.6 million, with Fidelity's FBTC leading redemptions, as flow figures often differ by provider.

Total Bitcoin ETF assets are estimated at $105–106 billion, and Ethereum ETFs hold about $15 billion.

why it matters

The outflows are small relative to Bitcoin fund assets, but the same dollar amount weighs more heavily on the much smaller Ethereum ETF base. Simultaneous selling in both products points to broader risk-off caution rather than a view on one asset. Discrepancies between data sources matter for anyone tracking ETF flows.

market impact

Crypto assets: cautious investor flows out of ETFs add pressure on BTC and ETH

tags

instruments