US spot Bitcoin and Ethereum ETFs recorded $2.1 billion in net outflows in October, reversing the $8.9 billion combined inflow over August and September. Ethereum ETFs lost $1.61 billion, while Bitcoin ETFs saw $515 million withdrawn.
Why it matters
The outflows mark a sharp change in direction for both ETF groups after two months of combined inflows. Ethereum funds drove most of the October withdrawals, making the shift more pronounced for ETH-linked products.
Market impact
The figures track ETF flows, not direct changes in the underlying networks. They show that investors withdrew more from Ethereum products than from Bitcoin products during October. Whether flows recover or the outflow trend continues will shape the next read on demand for US spot BTC and ETH ETFs.
Source: [source](https://webappcsdfedsssd.controller.bot/media/files/8336652911/AgACAgIAAxkBAAJaW2rrKc4h0E1C9Y1yDJwGJM5u-lqUAAJ1HGsbxk5ZS2EldHOyTR4xAQADAgADeQADPQQ?sig=_w2CQn3hLRWUdqssMpGNXVzh30dX7enXaK_hHai_xso)
Frequently asked questions
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How much did US spot Bitcoin and Ethereum ETFs lose in October?
The funds recorded $2.1 billion in combined net outflows during October.
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Which ETF group accounted for most of October's outflows?
Ethereum ETFs led the withdrawals, with $1.61 billion in net outflows, compared with $515 million for Bitcoin ETFs.
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How did October's ETF flows compare with August and September?
The ETFs attracted $8.9 billion in combined inflows across August and September before recording $2.1 billion in net outflows in October.
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Were Bitcoin ETF outflows larger than Ethereum ETF outflows?
No. Bitcoin ETFs lost $515 million, while Ethereum ETFs lost $1.61 billion.
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What do these ETF outflows measure?
They measure investor flows into and out of the US spot Bitcoin and Ethereum funds, not direct changes to either network.
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