U.S. Spot Bitcoin and Ethereum ETFs See Nearly $1 Billion of Net Redemptions in October
AI Market Summary
U.S. spot BTC and ETH ETFs saw nearly $1.0B in net outflows in October through Oct 9, signaling institutional risk-off positioning and weakening marginal demand. Bitcoin ETFs posted a large two-day redemption wave, while Ethereum ETFs extended an eight-day outflow streak with heavy cumulative withdrawals since late September. The flow deterioration coincides with softer BTC momentum, increasing near-term sensitivity to additional ETF flow prints.
Impact level
● High
Affected assets
BTC/USDT-0.56%
AI Insight · BTC/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Huo Xing Finance cited Farside Investors data showing that as of Oct. 9, U.S.-listed spot Bitcoin and Ethereum ETFs have posted combined net outflows of $986.3 million since the start of October. Bitcoin ETFs accounted for $407.4 million of redemptions, while Ethereum ETFs saw $578.9 million.
On Thursday, Bitcoin ETFs recorded $244.1 million in net outflows, following $484.9 million the prior day—the largest single-day outflow since June 25. Ethereum ETFs logged $72.5 million in net outflows on Thursday, extending their streak of net redemptions to eight consecutive trading sessions. Over the current outflow cycle that began Sept. 29, cumulative net outflows have reached about $641.3 million.
The sustained redemptions have coincided with softer upside momentum in Bitcoin. CoinGecko data show BTC fell to an intraday low of $80,427 on Thursday before rebounding to $82,506.
