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Bitcoin and Ether ETFs see $648M outflows in heaviest daily sell-off since June

Market News
08 Oct 2026
Bitcoin
View Source
Bearish
Bitcoin and Ether ETFs see $648M outflows in heaviest daily sell-off since June

Bitcoin and Ether ETFs experienced significant outflows totaling $647.84 million on Wednesday, marking the largest daily sell-off since June. Institutional investors led the sell-off, with Blackrock's Bitcoin ETF seeing the largest redemption of $207.67 million. Ether ETFs have faced seven consecutive days of outflows, indicating a broader institutional de-risking trend. While most crypto ETFs suffered withdrawals, NEAR was the only category to see inflows, highlighting selective investor interest amid widespread selling. This activity suggests a potential shift in institutional positioning after weeks of accumulation, with the coming days critical to determining if this is a temporary reset or a sustained trend.

Bitcoin ETFs' $487 million outflow marks the heaviest daily sell-off since June, providing context for crypto market activity. For readers following cryptocurrency trends, here is Pluang's market snapshot as of Oct 08, 2026 21:15 WIB: Among 50 major cryptocurrencies, 25 rose and 24 fell. Notable movers include SNX (Synthetix) up 4.00% with 98% buy orders, EGLD (MultiversX) up 3.81% with 100% buy orders, and UNI (Uniswap) down 3.78% with 73% buy orders.

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