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Bitcoin (BTC) ETFs Log Second Outflow Session as Ether Adds $4.4 Million

U.S. spot Bitcoin funds lost $137.9 million on Oct. 23, while Ether products took in $4.4 million.

Updated 1 min read
Pedestrians pass the New York Stock Exchange in Manhattan during a weekday trading session. / EconoTimes.ai (mono)
Pedestrians pass the New York Stock Exchange in Manhattan during a weekday trading session. / EconoTimes.ai (mono)

On Oct. 23, U.S. spot Bitcoin ETFs recorded a $137.9 million net outflow; spot Ether ETFs had a $4.4 million net inflow.

Bitcoin funds also recorded an outflow during the previous session on Oct. 22. The latest Bitcoin withdrawal was roughly 31 times Ether’s gain. The third-quarter total for spot Ether ETFs was $3.1 billion in net inflows.

The daily totals show which side dominated the session, but provide no evidence of investors’ reasons.

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