U.S. Spot Bitcoin and Ether ETFs Post $390.5 Million in Outflows

U.S. spot Bitcoin and Ether exchange-traded funds posted $390.5 million in combined net outflows Wednesday, Oct. 14, putting both asset groups in negative territory for the day. Bitcoin funds accounted for $261 million of the total, while Ether funds contributed $129.5 million. Bitcoin represented about two-thirds of the combined outflow. Its net outflow was $131.5 million greater than Ether funds’ and about twice as large. Together, the two group totals add up to $390.5 million. Within the Ether group, BlackRock’s iShares Ethereum Trust (ETHA) recorded $110 million in net outflows.

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