Bitcoin ETF Weekly Outflows Hit 3-Month High, Ethereum Funds Extend Losing Streak

The spot exchange-traded funds tracking bitcoin experienced their worst week in terms of outflows since the end of June, which became one of the reasons behind the underlying asset’s major correction. Although the net outflows from the spot Ethereum ETFs were slightly less, the overall ETH picture is worse given the lack of any green days. The business week began on the wrong foot for the ETFs , with almost $90 million in net outflows. Coincidentally, BTC’s price was rejected at $87,000 and dropped by over a couple of grand on the same day.