U.S.-listed Bitcoin, Ethereum ETFs saw net redemptions on Oct. 8

AI Market Summary
Lookonchain data indicate notable net redemptions from U.S. spot crypto ETFs on Oct 8: Bitcoin ETFs saw 5,461 BTC in net outflows, while Ethereum ETFs lost 47,511 ETH, extending negative 7-day flows for both. Persistent ETF outflows can tighten marginal demand from traditional channels, potentially pressuring spot liquidity and risk appetite in the near term, especially around U.S. market hours.
Impact level
● Medium
Affected assets
BTC/USDT-1.85%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Odaily Planet Daily cited Lookonchain data showing U.S. Bitcoin ETFs posted net outflows of 5,461 BTC on Oct. 8, while the seven-day net outflow totaled 1,951 BTC. U.S. Ethereum ETFs saw net outflows of 47,511 ETH on the day, with seven-day net outflows reaching 191,540 ETH.