US spot Bitcoin and Ether exchange-traded funds (ETFs) saw $549 million in net outflows last week as investors continued pulling money from two of the largest crypto funds.
Bitcoin ETFs recorded around $229 million in weekly net outflows, while Ether funds posted even higher withdrawals at $320 million, according to SoSoValue data.
The latest withdrawals marked a second consecutive week of losses for Bitcoin ETFs and a third for Ether funds. Outflows slowed from the previous week, when the two recorded $1.22 billion in net outflows.
Spot Ether ETFs have recorded roughly $955 million in net outflows so far in October, more than in any other month this year.
Ether (ETH) fell 5% over the past seven days to around $2,433, while Bitcoin dipped 1.3% to $82,783 at the time of publication, according to CoinGecko data.
Despite the withdrawals, both Bitcoin and Ether ETFs remain in positive…
