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Ethereum ETFs see $320 million outflows, outpacing bitcoin ETFs

Ethereum spot exchange-traded funds recorded $320 million of net outflows last week, surpassing the amount withdrawn from bitcoin spot ETFs. The Defiant reported that net outflows across five groups of crypto ETFs tracked by Farside totalled $610.7 million from Oct. 12 to Oct. 16. Although weekly outflows declined for both assets, bitcoin’s drop was larger, pushing Ethereum’s weekly net outflows above bitcoin’s. Neither asset returned to weekly net inflows.