Spot Bitcoin, Ethereum ETFs Post Net Outflows on Oct. 6
AI Market Summary
U.S. spot BTC and ETH ETFs saw net outflows on Oct 6, signaling weaker near-term institutional demand. Bitcoin ETFs posted a 1,059 BTC net outflow despite IBIT inflows, while Ethereum ETFs recorded a larger sustained redemption trend, including 21,432 ETH outflow on the day and 79,193 ETH net outflow over seven days. Persistent ETH ETF redemptions may weigh on liquidity and risk appetite.
Impact level
● Medium
Affected assets
ETH/USDT+0.27%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Data compiled by Lookonchain show U.S.-listed spot Bitcoin and spot Ethereum ETFs ended Oct. 6 with net redemptions.
Spot Bitcoin ETFs recorded a net outflow of 1,059 BTC, worth about $91.72 million. By fund, BlackRock's IBIT saw a net inflow of 815 BTC, while Fidelity's FBTC posted a net outflow of 870 BTC and ARK 21Shares' ARKB logged a net outflow of 994 BTC. Over the past seven days, spot Bitcoin ETFs have recorded a cumulative net inflow of 1,074 BTC, or roughly $93 million.
Spot Ethereum ETFs reported a net outflow of 21,432 ETH, valued at about $58.29 million. BlackRock's ETHA accounted for a net outflow of 11,765 ETH, and Fidelity's FETH saw a net outflow of 6,968 ETH. Over the past seven days, spot Ethereum ETFs have posted a cumulative net outflow of 79,193 ETH, equivalent to around $215 million.