From TokenPost · · 40s
Crypto ETFs Post $575.91M Outflows
U.S. crypto ETFs saw $575.91 million in net outflows as Ether and Bitcoin products led withdrawals.
In brief
U.S. crypto ETFs saw $575.91 million in net outflows as Ether and Bitcoin products led withdrawals. U.S. spot crypto ETFs recorded $575.91 million in net outflows for the week ending Oct. 16, with Ether products driving most withdrawals. Originally reported by TokenPost.
U.S. Spot Crypto ETFs
U.S. spot exchange-traded funds for four cryptocurrencies posted $575.91 million in net outflows in the week ended Oct. 16.
Ether Products Lead Withdrawals
Ether funds accounted for $319.97 million, about 56% of the combined figure.
XRP Funds Shift to Negative
XRP funds moved into negative territory after recording $11.31 million in net inflows the previous week.
The headline
U.S. spot crypto ETFs recorded $575.91 million in net outflows for the week ending Oct. 16, with Ether products driving most withdrawals.
