Key Takeaways
- • U.S. spot Bitcoin and Ether funds recorded $548.5 million in net outflows over five trading sessions ending October 16, 2026, about 55% below the $1.22 billion withdrawn the prior week.
- • Ether funds accounted for $320.1 million of the outflows, while Bitcoin funds saw $228.4 million withdrawn.
- • Despite some days of inflows, net withdrawals dominated, pointing to cautious investor sentiment toward digital asset funds.
- • Bitcoin traded near $81,500 on October 17 after a brief rebound toward $83,000 faded, with the total crypto market down about 1% over 24 hours.
Summary
U.S. spot funds linked to Bitcoin and Ether experienced net withdrawals totaling $548.5 million over five trading sessions ending October 16, according to a report published by Pluang. Ether funds accounted for $320.1 million of the outflows, while Bitcoin funds saw $228.4 million withdrawn. The combined outflow was about 55% lower than the $1.22 billion withdrawn during the previous week. Although some individual days recorded inflows, overall withdrawals dominated, indicating cautious investor sentiment in these digital asset funds.
Market activity on October 17 reflected the broader softness. Bitcoin traded near $81,500 after a brief rebound toward $83,000 faded, and the wider crypto market fell about 1% over 24 hours. Bitcoin's market capitalization stood at $1.63 trillion. Among the 90 largest cryptocurrencies, 75 declined over the prior 24 hours, with LayerZero (ZRO) posting the steepest loss of 12.89%.
On-chain and platform data also drew attention. Bitcoin saw the largest inflows and outflows among cryptocurrencies, attracting $27.32 million and recording $18.63 million in withdrawals, according to the report. Separately, a three-hour window ending 2 a.m. ET on October 17 saw $138.5 million in cryptocurrency transferred, led by a $69.9 million Bitcoin transfer to OKEX.
Market activity on October 17 reflected the broader softness. Bitcoin traded near $81,500 after a brief rebound toward $83,000 faded, and the wider crypto market fell about 1% over 24 hours. Bitcoin's market capitalization stood at $1.63 trillion. Among the 90 largest cryptocurrencies, 75 declined over the prior 24 hours, with LayerZero (ZRO) posting the steepest loss of 12.89%.
On-chain and platform data also drew attention. Bitcoin saw the largest inflows and outflows among cryptocurrencies, attracting $27.32 million and recording $18.63 million in withdrawals, according to the report. Separately, a three-hour window ending 2 a.m. ET on October 17 saw $138.5 million in cryptocurrency transferred, led by a $69.9 million Bitcoin transfer to OKEX.
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