In brief – U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, erasing nearly 60% of a three-day, $1.07 billion inflow streak and flipping October back to a net loss of about $176 million. – Ethereum ETFs lost $110.6 million, bringing their October outflows to about $1.18…
llion, while Solana ETFs shed $8.9 million. – Prices held steady, with Bitcoin near $81,460, as Myriad traders cut the odds of Bitcoin topping $87,500 this month to 17%. Bitcoin ETFs’ October comeback lasted a single session
U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, according to Decrypt’s ETF tracker, wiping out nearly 60% of the roughly $1.07 billion the funds took in over the previous three sessions. It was their biggest single-day outflow of the month, topping the $484.9 million exit on Oct. 7 that was, at the time, the worst since June. The reversal pushed October back into negative territory.
After climbing to roughly $460 million in net inflows for the month on Wednesday, the funds are now down about $176 million. Cumulative net inflows since launch slipped to $57.8 billion, with total net assets at $100.2 billion. Ethereum ETFs followed suit, losing $110.6 million a day after snapping a five-day outflow streak.