Bitcoin, Ether ETFs See $1.2B Outflow Amid Demand Shift

ETF Outflows Signal Institutional Cooling

U.S. crypto exchange-traded funds (ETFs) experienced a significant shift in investor sentiment during the week through October 9, with combined outflows totaling over $1.2 billion for Bitcoin and Ether funds. This marks a reversal from the inflows seen in prior weeks, suggesting a potential cooling of institutional demand.

Bitcoin ETFs alone accounted for $681 million of the outflows, ending a three-week inflow streak. Ether ETFs saw outflows of $546 million over the same period. The combined $1.2 billion figure represents a notable pullback after months of positive momentum for the spot ETF market.

Not all digital assets faced selling pressure. XRP and NEAR Protocol saw inflows during the week, bucking the broader trend. However, Solana (SOL) also experienced outflows, bringing an end to its 14-week streak of consistent inflows. This suggests a more selective approach from investors, with some altcoins losing favor.

The reasons behind the shift in demand remain unclear, but macroeconomic factors and profit-taking after recent price appreciation are potential contributors. Further monitoring of ETF flows will be crucial to assess whether this represents a temporary correction or a more sustained change in investor behavior.

Source: Bitcoin.com News