Crypto ETF Outflows Pass $1 Billion in October: Is Wall Street Dumping Bitcoin and Ethereum?

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin and Ethereum ETFs just bled over $1 billion in October. Here is who is selling, who is still buying, and what it means for your coins.The money that pushed Bitcoin to its all-time high is now heading for the exits. US spot Bitcoin and Ethereum ETFs recorded $986.3 million in combined net outflows through Thursday, according to Farside Investors, and Friday's numbers pushed the October total over the $1 billion mark. Zoom out to every crypto ETF on the board and the picture gets uglier: $1.29 billion left $Bitcoin, $Ethereum, $Solana, $Zcash and $Hyperliquid funds in a single week.That is the largest wave of selling since June. So what is going on, and should you care?Why Are Bitcoin ETFs Seeing Outflows Right Now?Bitcoin ETFs lost $678.9 million between Monday and Friday, a sharp reversal from the $241.1 million they attracted the week before. Wednesday alone saw $484.9 million walk out the door, the biggest single-day outflow since June 25, followed by another $244.1 mi...