BTC $83,310 
ETH $2,510 
USDT $0.9992 
BNB $744.17 
XRP $1.40 
USDC $0.9996 
SOL $111.34 
TRX $0.3329 
FIGR_HELOC $1.03
ZEC $1,240 Bitcoin and ether ETFs near $1 billion in October outflows
US spot Bitcoin and ether funds have lost nearly $1 billion this month, while XRP ETFs drew fresh capital.
Key takeaways
- Nearly $1 billion left. Combined Bitcoin and ether ETF net outflows reached $986.3 million this month.
- Ether's eighth straight loss. Ether ETFs posted $72.5 million in net outflows on Thursday, an eighth consecutive losing session.
- XRP funds drew money. US spot XRP ETFs attracted about $8.17 million in net inflows on October 8.
What happened
Combined net outflows from US spot Bitcoin and ether exchange-traded funds have reached nearly $1 billion in October. Bitcoin ETFs lost $244 million on Thursday, and ether funds gave back $641 million as their losing run reached eight sessions.
Farside Investors put Bitcoin ETF net outflows at $244.1 million on Thursday. That followed $484.9 million of withdrawals on Wednesday, which the data described as the largest daily outflow since June 25.
Ether ETFs posted $72.5 million in net outflows on Thursday, an eighth consecutive losing session. They have shed about $641.3 million over the streak, which started Sept. 29.
October net outflows now total $407.4 million for Bitcoin ETFs and $578.9 million for ether ETFs. Combined, the funds have recorded $986.3 million in net outflows this month.
XRP funds moved the other way. US spot XRP ETFs drew about $8.17 million in net inflows on October 8, the day Bitcoin ETFs lost $244 million and Ethereum funds shed $73 million, according to Coinpedia. Franklin Templeton's XRP ETF reportedly accounted for the $8.17 million.
Why it matters
The fund withdrawals line up with a weaker Bitcoin rally. Bitcoin fell to as low as $80,427 on Thursday, according to CoinGecko, and traded at $82,506 at the time of writing.
Glassnode tied ETF demand to the durability of that move. A pickup in spot trading volume and ETF buying would show that Bitcoin's recent breakout had real support, according to the analytics firm.
Flows also show where crypto fund money is going. Coinpedia described the XRP ETF market as showing resilience as investors pull money from Bitcoin and Ethereum funds, while cautioning that a single session cannot establish a lasting trend.
What the data shows
The daily figures sit at $244.1 million for Bitcoin ETFs and $72.5 million for ether ETFs. Monthly totals stand at $407.4 million for Bitcoin funds and $578.9 million for ether funds, or $986.3 million combined.
XRP traded near $1.40, below a reported resistance zone, at the time of the Coinpedia report.
What is still unclear
- It remains unclear whether XRP ETF inflows can persist. Coinpedia said a single session cannot establish a lasting trend.
- It is also unclear whether Bitcoin's recent breakout has real support. Glassnode said a pickup in spot trading volume and ETF buying would show it.
Questions readers ask
How much have Bitcoin ETFs lost in October?
October net outflows total $407.4 million for Bitcoin ETFs. Combined Bitcoin and ether ETF outflows reached $986.3 million this month.
How long have ether ETFs been losing money?
Ether ETFs have recorded net outflows for eight consecutive trading sessions. The streak began Sept. 29 and has drained about $641.3 million.
Did XRP ETFs take in money while Bitcoin funds bled?
Yes. US spot XRP ETFs drew roughly $8.17 million on October 8, the same day Bitcoin ETFs lost $244 million and Ethereum funds shed $73 million.
What happened to the Bitcoin price?
Bitcoin fell to as low as $80,427 on Thursday and traded at $82,506 at the time of writing, according to CoinGecko.
