Update
Bitcoin ETFs Post Net Outflows
US spot Bitcoin ETFs saw $82.39 million in net outflows on October 16, while Ethereum funds lost $69.68 million. Combined, the two product groups experienced a net outflow of about $152 million in one session. Bitcoin ETF trading volume reached $7.5 billion in the week ending October 16, with net selling over the past week totaling about $145 million. Despite the recent selling, Bitcoin ETFs collectively hold more than 1.27 million BTC and have seen cumulative net inflows of approximately $57 billion since their launch in January 2024.