U.S. spot Bitcoin ETFs see $82.41 million in net outflows on October 16
CIE News ·
Based on reporting by The Defiant; not yet independently confirmed.
U.S. spot Bitcoin ETFs recorded an $82.41 million net outflow on October 16, according to KuCoin, while spot Ethereum ETFs posted $69.68 million in daily redemptions.
U.S. spot Bitcoin (BTC) exchange-traded funds recorded an estimated net outflow of $82.41 million on October 16, according to KuCoin. BlackRock's iShares Bitcoin Trust registered $71.8 million in net redemptions, while the Fidelity Wise Origin Bitcoin Fund saw $10.61 million in net outflows. Other products, including Grayscale GBTC, Bitwise BITB, Ark ARKB, and VanEck HODL, logged zero net flows for the session.
U.S. spot Ethereum (ETH) ETFs simultaneously logged $69.68 million in net outflows on October 16. Across the wider market, ETH ETFs saw $320.1 million in net withdrawals between October 12 and October 16, exceeding the $228.4 million in weekly net outflows recorded by Bitcoin funds over the same five-day span.
Data reported by The Defiant showed that five crypto ETF groups tracked by Farside lost a combined $610.7 million during the October 12–16 period, even as Bitcoin redemptions slowed by 66% compared to the prior week. According to KuCoin, month-to-date net redemptions for spot Bitcoin ETFs reached $614.9 million.
Key facts
- $82.41M BTC ETF daily outflow
- $69.68M ETH ETF daily outflow
- $320.1M ETH five-day outflow
- $614.9M MTD BTC outflow
Read the original at The Defiant