Crypto ETFs Bleed $1.5 Billion in Heavy Week of Outflows
Share quote to twitter-icon
It was a brutal week for crypto ETFs as investors pulled $1.23 billion from bitcoin funds and $312 million from ether products. After nearly two weeks of inflows, the tide reversed sharply across the board.
After two weeks of steady inflows and optimism, the crypto ETF market reversed course sharply between Oct. 13 and 17, with investors pulling capital from nearly every major product. Both bitcoin and ether ETFs ended the week deep in red territory, underscoring growing caution in digital asset markets amid volatility in broader financial markets.
Brutal week indeed. These outflows of $1.5B from crypto ETFs signal a shift in sentiment—investors getting cautious with the volatility in broader markets. Reminds me of past cycles where fear kicks in fast after a hot streak. Market psychology at play