US spot Ethereum ETFs record $201.9 M outflow on Oct 6, extending six‑day withdrawal streak
On October 6, US spot Ethereum exchange‑traded funds saw $201.9 million withdrawn, the largest single‑day outflow since mid‑September. The withdrawals marked the sixth consecutive day of net redemptions, bringing total outflows since September 29 to $407.8 million. During the same period Bitcoin ETFs attracted $118.9 million of net inflows. The outflows coincided with ETH price falling to $2,617.76, a 2.90% drop over 24 hours, and triggered $164.88 million of long‑position liquidations.
Why it matters
The sustained outflows reduce capital supporting spot Ethereum ETFs, which could pressure ETH’s market price and increase leveraged liquidation risk. The contrast with inflows into Bitcoin ETFs may shift investor allocation toward BTC.
Key facts
- 1US spot Ethereum ETFs recorded $201.9 million in outflows on October 6. finance.yahoo.com
- 2The outflows marked the sixth straight day of withdrawals. finance.yahoo.com
- 3Total outflows since September 29 amount to $407.8 million. finance.yahoo.com
- 4Bitcoin ETFs logged a net inflow of $118.9 million over the same six sessions. finance.yahoo.com
- 5ETH price was $2,617.76 at press time, down 2.90% over the prior 24 hours. finance.yahoo.com
- 6$164.88 million in ETH long positions were liquidated in the same 24‑hour period. finance.yahoo.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.