Bitcoin and Ether ETFs Lose $548.5 Million as Weekly Outflows Ease

U.S. spot funds tied to Bitcoin (BTC) and Ether (ETH) saw net withdrawals of $548.5 million across five trading sessions ending Oct. 16, down from the previous week. Ether funds accounted for $320.1 million of the net outflows from Oct. 12-16, while Bitcoin funds accounted for $228.4 million. The combined amount was about 55% below the $1.2211 billion withdrawn from the same two fund categories over Oct. 5-9. In that earlier period, Bitcoin funds had $678.9 million in net outflows and Ether funds had $542.2 million. Both groups ended Friday, Oct. 16, with outflows: $82.4 million from Bitcoin funds and $69.7 million from Ether funds. IBIT and FBTC accounted for the Bitcoin fund losses, with $71.8 million and $10.6 million in outflows, respectively. ETHA accounted for the Ether fund outflow.

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