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Ethereum ETFs Lose $201.9 Million As Bitcoin Funds Return To Inflows
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Key facts
- Farside recorded $55.4 million of ETH ETF outflows on October 1, $37.4 million on October 2 and another $50.8 million on October 5 before the much larger October 6 withdrawal
- TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors
- US spot Bitcoin ETFs recorded approximately $118.8 million in net inflows on the same day, with BlackRock’s IBIT accounting for $122 million of positive flow before smaller movements elsewhere
- Data from Farside Investors shows the group recorded $201.9 million in net outflows on October 6, extending a difficult start to the month for Ether investment products
Summary
TL;DR: US spot Ethereum ETFs recorded $201.9 million in net outflows on October 6, according to Farside Investors. Ethereum’s US spot ETFs suffered their heaviest day of withdrawals in weeks. Data from Farside Investors shows the group recorded $201.9 million in net outflows on October 6, extending a difficult start to the month for Ether investment products. The entire daily outflow shown by Farside came from BlackRock’s ETHA, while the other tracked products recorded no net movement for the session.