Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million

US spot Bitcoin ETFs lost $82.39 million in net outflows on October 16. Their Ethereum counterparts had no better luck. They gave up $69.68 million the same day. The October numbers Combined, the two product groups saw roughly $152 million leave in one session. The bigger picture is the monthly tally. Bitcoin ETFs had run up roughly $535 million in net outflows for October through mid-month. That reverses September, when the funds pulled in about $2.6 billion of fresh money. Bitcoin ETF trading volume topped $7.5 billion in the week ending October 16. Net selling over the past week came to only about $145 million. Not every count of the day matched. Alternative tallies put Bitcoin’s daily outflow as low as $10.6 million, with Fidelity’s FBTC leading the redemptions. Reporting differences between data sources are common with ETF flows, which settle and get compiled on different schedules. Who holds what Despite the recent selling, the Bitcoin ETF complex remains enormous. Total assets are estimated at around $105 to $106 billion. The funds collectively hold more than 1.27 million BTC. Measured against those assets, the $82.39 million outflow is less than a tenth of one percent. Blac...