From Decrypt · By Decrypt Staff
In brief
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%.
Bitcoin ETFs’ October comeback lasted a single session.
U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, according to Decrypt’s ETF tracker, wiping out nearly 60% of the roughly $1.07 billion the funds took in over the previous three sessions. It was their biggest single-day outflow of the month, topping the $484.9 million exit on Oct. 7 that was, at the time, the worst since June.
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The reversal pushed October back into negative territory. After climbing to roughly $460 million in net inflows for the month on Wednesday, the funds are now down about $176 million. Cumulative net inflows since launch slipped to $57.8 billion, with total net assets at $100.2 billion.
Ethereum ETFs followed suit, losing $110.6 million a day after snapping a five-day outflow streak. That brings their October losses to roughly $1.18 billion. Solana ETFs shed $8.9 million, bringing them to about $68 million in outflows this month, with just two days of inflows in October.
Spot crypto ETFs are exchange-traded funds that hold the underlying asset, such as Bitcoin or Ethereum, and trade on stock exchanges like ordinary shares. That lets investors gain exposure through a regular brokerage account without buying or storing crypto themselves.
Bitcoin funds debuted in January 2024 and have since drawn $57.8 billion in net inflows, while Ethereum funds, which followed that July, have taken in $12.7 billion. Solana funds arrived late last year. Because issuers report flows daily and much of the money comes from institutions and financial advisers, the figures have become one of the most closely watched gauges of investor sentiment.
BitcoinBTC · USD$81,653+0.27%Oct 16Oct 18Oct 20Oct 21Oct 23$84.8k$83.5k$82.2k$80.9k24h HighHigh$81,93924h LowLow$80,989VolVol$1.0BMarket projectionsOdds by MyriadThis week$80,000 to $82,000$80k–$82k51% chance→Buy Bitcoin with USDTPowered by JupiterPrice data by CoinGeckoCoinGeckoMore Bitcoin news and projections →Yesterday’s selling coincided with a rough day across markets. Oil climbed above $111 a barrel as AI stocks slid, dragging the S&P 500 and global markets lower. The Federal Reserve next meets Oct. 27-28, with traders anticipating a “hold”—meaning, no increase to interest rates, which generally bodes well for risk assets like crypto.