Crypto ETFs See Biggest Outflow in 30 Days, Exceeding $650 Million in One Day

Cryptocurrency ETFs recorded their sharpest daily outflow in the past 30 days on October 7, with net outflows exceeding $650 million.

According to data shared by CoinGlass on October 8, crypto investment funds saw $650.6 million in net outflows the previous day. This put the daily outflow amount above that of every other day in the past 30-day period.

Outflows Exceeded Inflows

Net outflow represents the difference between money flowing into and out of funds. The $650.6 million figure means that outflows exceeded inflows by that amount on October 7.

CoinGlass’s post covers crypto ETFs as a whole; it did not provide a breakdown of the amount among funds tied to Bitcoin, Ethereum, or other assets.