U.S. spot Bitcoin and Ethereum ETFs have seen combined net outflows of nearly $1 billion in October, with ETH ETFs experiencing outflows for 8 consecutive days.

BlockBeats news, October 9th, according to Farside Investors data, U.S. spot Bitcoin and Ethereum ETFs have seen a combined net outflow of $986.3 million so far in October. Among them, Bitcoin ETFs saw a net outflow of $407.4 million, and Ethereum ETFs saw a net outflow of $578.9 million.

Bitcoin ETFs saw a net outflow of $244.1 million on Thursday, following a net outflow of $484.9 million the previous day, marking the largest single-day outflow since June 25th. Ethereum ETFs saw a net outflow of $72.5 million on Thursday, extending the streak of consecutive net outflow days to 8 trading days; during this outflow period that began on September 29th, the cumulative net outflow has reached approximately $641.3 million.

Amid the fund outflows, Bitcoin's rally has weakened somewhat. CoinGecko data shows that BTC fell to as low as $80,427 on Thursday and has now rebounded to $82,506.