Bitcoin ETFs suffer biggest exodus since June as Ethereum withdrawals hit nine-month high
US spot Bitcoin and Ethereum exchange-traded funds saw their steepest withdrawals in months as the cryptocurrency market continued to decline. Related Asset Bitcoin #1 BTC · $81,023.44 24-hour change: down 2.67% Loading price history… 24H Down 2.67% 7D Down 3.35% 30D Up 3.13% Data from SoSoValue shows that the 12 listed US Bitcoin ETFs lost $484.9 million on Oct. 7, their largest single-day outflow since June 25. BlackRocks iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million, followed by Fidelitys FBTC at $105.1 million and ARK 21Shares ARKB at $101.7 million. Meanwhile, Ethereum ETFs recorded $160.9 million in withdrawals, bringing their five-session losses to $506.3 million, the largest since January. Related Asset Ethereum ETH · $2,446.10 24-hour change: down 4.66% BlackRocks ETHA accounted for $116.1 million of Wednesdays redemptions, while Grayscales ETHE lost $25.8 million. The funds have now experienced seven consecutive trading sessions of outflows, totaling approximately $569 million. Together, the two ETF categories lost about $646 million on Wednesday as Bitcoin fell to its lowest daily close in the last 20 days, below $83,000, while Ethereum retreated toward $2,500 during the reporting period. Related Company BlackRock American global investment management corporation Notably, the price action coincided with rising US Treasury yields, a stronger dollar, and









