Bitcoin ETFs Post $635.6 Million Outflow, Erasing October Inflows

U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, their largest single-day outflow of the month, wiping out nearly 60% of the roughly $1.07 billion the funds took in over the previous three sessions. The reversal pushed October back into negative territory, with the funds now down about $176 million for the month after reaching roughly $460 million in net inflows on Wednesday. Cumulative net inflows since launch slipped to $57.8 billion, with total net assets at $100.2 billion. Ethereum ETFs lost $110.6 million a day after snapping a five-day outflow streak, bringing October losses to roughly $1.18 billion. Solana ETFs shed $8.9 million, reaching about $68 million in outflows this month. Despite the heavy outflows, prices barely moved. Bitcoin traded near $81,460 on Friday, flat over 24 hours and down 0.4% on the week, while Ethereum dipped 0.2% to about $2,400 and Solana slipped 0.3% to roughly $104. Total crypto market cap held at about $2.85 trillion, with trading volume down 20% to $67.1 billion.