Bitcoin, Ether ETFs shed $549M as October ETH outflows near $1B

Digital asset investment products faced a wave of capital withdrawals last week, with US spot Bitcoin and Ether exchange-traded funds shedding a combined $549 million. Ether-based funds bore the brunt of the pessimistic sentiment, pushing monthly October net outflows dangerously close to the $1 billion threshold. Bitcoin funds similarly extended their negative weekly withdrawal streak to two consecutive weeks, signaling a broader cooling of institutional enthusiasm. Market participants attribute the capital flight to macroeconomic uncertainty, fluctuating interest rate expectations, and a general lack of near-term bullish catalysts. Despite the steep redemptions, long-term proponents argue that such cyclical cleansing is normal within broader crypto market trajectories. Analysts are closely watching key technical support levels to determine whether institutional capital will return or if further downside is imminent.