According to @KobeissiLetter, crypto funds recorded $2.0 billion of outflows last week, the largest since February, marking a third straight weekly sale and totaling $3.2 billion over three weeks, source: @KobeissiLetter. Bitcoin (BTC) led with $1.4 billion of outflows and Ethereum (ETH) saw $689 million, among their biggest weekly losses this year, source: @KobeissiLetter. Average daily outflows as a percentage of assets under management over the past month reached a record high, source: @KobeissiLetter. Combined with price declines, total crypto fund AUM has fallen 27% from the October peak to $191 billion, source: @KobeissiLetter. This move was characterized as a structural decline by @KobeissiLetter, source: @KobeissiLetter.

According to @PANewsCN, Ethereum spot ETFs recorded a combined weekly net outflow of 244 million dollars for US trading days Oct 20–24, with none of the nine products posting net inflows, based on SoSoValue data (source: @PANewsCN; SoSoValue). Fidelity Ethereum ETF (FETH) saw the largest outflow at 95.25 million dollars, leading issuer redemptions for the week (source: @PANewsCN; SoSoValue). Total net asset value across ETH spot ETFs stands at 26.39 billion dollars, representing 5.55% of ETH’s overall market capitalization, while historical cumulative net inflows total 14.35 billion dollars (source: @PANewsCN; SoSoValue).