The money that pushed Bitcoin to its all-time high is now heading for the exits. US spot Bitcoin and Ethereum ETFs recorded $986.3 million in combined net outflows through Thursday, according to Farside Investors, and Friday’s numbers pushed the October total over the $1 billion mark. Zoom out to every crypto ETF on the board and the picture gets uglier: $1.29 billion left $Bitcoin, $Ethereum, $Solana, $Zcash and $Hyperliquid funds in a single week.

That is the largest wave of selling since June. So what is going on, and should you care?

Why Are Bitcoin ETFs Seeing Outflows Right Now?

Bitcoin ETFs lost $678.9 million between Monday and Friday, a sharp reversal from the $241.1 million they attracted the week before. Wednesday alone saw…