Bitcoin, Ethereum ETFs Both Bleed Through First Week of October

• US spot Bitcoin ETFs posted $386.3 million in net outflows over the first seven trading days of October, according to Farside Investors data.

• US spot Ethereum ETFs extended their losing streak to nine straight trading days, pulling a combined $697.4 million since the run began on Sept. 29.

• Bitcoin traded near $83,000 and Ethereum near $2,530 at the time of writing, both up slightly even as the outflows continue.

US spot Bitcoin (

) and Ethereum (

) exchange-traded funds both kept bleeding assets through the first week of October, with Bitcoin funds shedding a net $386.3 million and Ether funds stretching their outflow streak to nine straight trading days, according to Farside Investors data.

The parallel slide extends a rough stretch for both

categories, even as both tokens hold their ground in trading this week.

Bitcoin funds swung between inflows and exits over the period. October opened with $102.7 million added on Oct. 1 and $189.9 million on Oct. 2, before an $89.8 million outflow on Oct. 5 and a $118.8 million inflow on Oct. 6, according to Farside

.

The heaviest selling came midweek: $484.9 million left the funds on Oct. 7, followed by $244.1 million on Oct. 8. A modest $21.1 million inflow on Oct. 9 trimmed the monthly total to its current $386.3 million net outflow.