Key facts
- U.S. spot Bitcoin ETFs are down a net $386.3 million for October.
- Ethereum ETFs have lost $635 million so far in October.
- Solana ETFs have a net loss of $24.8 million for October.
- Bitcoin ETFs had inflows totaling $21.1 million on Friday.
- Ethereum ETFs shed $56.1 million on Friday.
- Solana ETFs lost $3.8 million on Friday.
U.S. spot Bitcoin ETFs have seen a net outflow of $386.3 million for October, with Wednesday marking their worst day since June with an exit of $484.9 million, despite a modest $21.1 million inflow on Friday. This performance contrasts with September, when Bitcoin ETFs experienced a nine-session inflow streak totaling approximately $3 billion.
Ethereum ETFs have fared worse, extending their outflow streak to nine consecutive trading days and losing $635 million in October. The heaviest single-day exit for Ethereum ETFs was $201.9 million on October 6. Since their launch, Ethereum ETFs have accumulated net inflows of $13.2 billion and hold $14.5 billion in total net assets.
Solana ETFs are also experiencing outflows for the month, with a net loss of $24.8 million after five straight days of outflows. Their only inflow this month was $1.3 million on October 2. Cumulative net inflows for Solana ETFs since launch stand at $137.9 million.
These ETFs provide investors with exposure to digital currencies by tracking asset prices and trading like stocks, serving as a measure of market sentiment. Bitcoin ETFs have cumulative net inflows of $57.6 billion since launch and hold $100.6 billion in total net assets.