Bitcoin ETFs see $515M in October outflows as Ether funds record a big exit
US spot Bitcoin ETFs ended October with $515 million in net withdrawals, following a Binance hack. Ether funds had an even bigger month, with a record $1.61 billion in outflows. Money leaving these funds can signal weaker demand for the assets, which traders often watch closely.
Why it matters
- Bitcoin ETFs lost $515 million net in October, a sign that investors pulled money out.
- Ether funds recorded a record $1.61 billion in monthly outflows, a notable shift in demand.
- The outflows came after a Binance hack, which may have added to caution in the market.
What to watch next
Watch whether Bitcoin and Ether ETF flows turn positive again in the coming weeks, as that would signal returning demand.
