The much-anticipated “Uptober” rally has turned into a sobering retreat for cryptocurrency exchange-traded funds, with Bitcoin, Ethereum and Solana products collectively shedding nearly $1 billion in investor capital through the first week and a half of the month. The synchronized exodus marks a stark reversal from September’s late-month momentum and underscores how quickly institutional sentiment can sour across the digital asset complex.
| US spot fund category | October net flow (through Oct. 9) | Streak | Total net assets | Net inflows since launch |
|---|---|---|---|---|
| Bitcoin | -$386.3M | Snapped a nine-session inflow run | $100.6B | $57.6B |
| Ether | -$635M | 9 straight outflow days | $14.5B | $13.2B |
| Solana | -$24.8M | 5 straight outflow days | — | $137.9M |
U.S. spot…
