TREE NEWS reports: Bitcoin ETFs lost $244 million on Thursday, extending October outflows toward the $1 billion mark. Ether funds bled $641 million, stretching their outflow streak to eight straight sessions. The combined withdrawals underscore a broad retreat from US-listed spot crypto exchange-traded funds this month.
Bitcoin, Ether ETFs Shed Nearly $1B in October Outflows
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AI take
The scale of ether ETF outflows relative to bitcoin funds is the notable detail here, suggesting the retreat is not uniform across crypto ETFs. The eight-session ether streak points to sustained rather than one-off selling pressure. Whether this divergence persists, or whether bitcoin funds follow ether into a deeper drawdown, is the open question for the sector.
Generated by AI for reference only.
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