Bitcoin Spot ETF Outflows Hit $40.56M on October 9

Key Points:

• US Bitcoin Spot ETF outflows hit $40.56M on Oct 9.
• Ethereum Spot ETF inflow remained at zero for the third time since launch.

The US Bitcoin Spot ETF outflows $40.56 million in net on October 9, 2024, while the Ethereum Spot ETF recorded zero inflows for the third time since its launch.

Bitcoin Spot ETF Outflows Surge on October 9

These results reflected heavy outflows from Bitcoin spot ETFs of $40.56 million on October 9 and showed the activity of investors in the crypto market. Ethereum Spot ETF added more to the uncertainty as inflows remained zero for the third time since launching amidst recent fluctuations in the market, according to Sosovalue data.

Read more: Bitcoin Spot ETF Outflows Hit $18.66M Amid Mixed Market Trends

Ethereum Spot ETF Sees Zero Inflows Again

Inflows into Ethereum Spot ETF were zero for the third time since its inception on October 9, while Bitcoin Spot ETF shed $40.56 million. These factors suggest that investors are cautious given unpredictable market fluctuations.