Update
Crypto ETFs Lose $593M in a Week
U.S. crypto ETFs saw losses of $229 million in bitcoin funds and $320 million in ether ETFs in the week through October 16. The pace of withdrawals eased slightly from the previous week, but selling continued across all major ETFs as investors reduced risk. Institutional investors pulled $593 million from the five major crypto exchange-traded fund (ETF) categories last week, marking a 52% decrease from the $1.2 billion withdrawn a week earlier.