US Bitcoin and Ethereum ETFs see $150.8 million in outflows as prices drop

US spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded significant net outflows at the start of the week, with investors pulling out $150.8 million on Monday, October 12. Data provided by Farside Investors indicated renewed pressure on institutional demand after challenging weeks for both leading cryptocurrencies. Bitcoin ETFs faced ongoing difficulties, registering $65.4 million in net withdrawals on Monday. All of these outflows came from BlackRock’s iShares Bitcoin Trust (IBIT), while other major funds such as Fidelity’s FBTC and Grayscale’s GBTC had no reported inflows or outflows during the session.