Crypto ETFs Lose $117.9M on October 5 as Bitcoin, Ether and…
By Karthik Subramanian
AI summary of the source article
U.S. crypto ETFs experienced broad net outflows totaling approximately $117.9 million on Monday, October 5, despite cryptocurrency prices holding near recent highs. Bitcoin ETFs led the losses with $89.8 million in net redemptions, as $69.9 million in inflows to BlackRock's IBIT failed to offset withdrawals of $74.5 million from Fidelity's FBTC and $85.2 million from ARK 21Shares' ARKB. Ether ETFs shed $18.9 million entirely from Fidelity's FETH, extending their losing streak to five sessions with cumulative outflows of about $174.1 million. Solana products also posted $9.2 million in withdrawals across Bitwise's BSOL and FSOL.
Why it matters
The broad withdrawals across Bitcoin, Ether, and Solana ETFs show institutional demand diverging from underlying token prices, with ETF flows weakening even as Bitcoin hovered in the mid-$80,000 range.
Key facts
- Crypto ETFs collectively lost roughly $117.9 million on October 5, including $89.8 million from Bitcoin, $18.9 million from Ether, and $9.2 million from Solana.
- BlackRock's IBIT was the only Bitcoin ETF to see net inflows ($69.9 million), which were outweighed by outflows from Fidelity ($74.5 million) and ARK 21Shares ($85.2 million).
- Ether ETFs marked their fifth straight day of redemptions, bringing the five-session cumulative outflow to approximately $174.1 million.