Bitcoin, Ethereum ETFs Shed $1.22B as Bond Yields Rise

US cryptocurrency exchange-traded funds recorded approximately $1.28 billion in net outflows during the October 5-9 trading week, as rising Treasury yields and renewed inflation concerns weighed on risk assets. Bitcoin and Ethereum products accounted for nearly 96% of the combined withdrawals across six tracked cryptocurrency ETF categories. The sharpest pressure emerged on October 7, when the two largest markets lost $645.8 million in a single session. The selloff coincided with Brent crude oil climbing above $100 per barrel and US government bond yields rising, developments that added pressure to cryptocurrencies and equities. Yet the withdrawals were far from uniform.