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Bitcoin and Ethereum ETFs in Red for October
Bitcoin and Ethereum ETFs have seen significant losses in October. Bitcoin ETFs have experienced $386.3 million in net outflows through the first seven trading days of October, with $21.1 million in net inflows on Friday. Ethereum funds have now posted nine straight days of losses, totaling $635 million in net outflows since the beginning of October. Solana ETFs have also been in the red, with a net loss of $24.8 million for the month. These losses reflect broader market sentiment and recent events, such as the failed cloture vote on the Clarity Act in September, which triggered heavy outflows in mid-September.