Bitcoin ETF · Bitcoin · Ethereum · Decrypt
Bitcoin ETFs Bleed $636 Million as October Turns Red Again
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Bitcoin ETFs’ October comeback lasted a single session.
Key facts
- Ethereum dipped 0.2% to about $2,400, and Solana slipped 0.3% to roughly $104
- Total crypto market cap held at about $2.85 trillion, while trading volume fell 20% to $67.1 billion
- Users give Ethereum a 61.3% chance of reaching $3,000 before $1,500, and Solana a 54.9% chance of hitting $160 before $40
- U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, ’s ETF tracker, wiping out nearly 60% of the roughly $1.07 billion the funds took in over the previous three sessions
Summary
U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, erasing nearly 60% of a three-day, $1.07 billion inflow streak and flipping October back to a net loss of about $176 million. Ethereum ETFs lost $110.6 million, bringing their October outflows to about $1.18 billion, while Solana ETFs shed $8.9 million. Prices held steady, with Bitcoin near $81,460, as Myriad traders cut the odds of Bitcoin topping $87,500 this month to 17%. U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, ’s ETF tracker, wiping out nearly 60% of the roughly $1.07 billion the funds took in over the previous three sessions. The reversal pushed October back into negative territory.