Crypto ETFs Lose $593M in a Week as Bitcoin, Ether Selling Persists

U.S. crypto ETFs lost $593 million in the week through Oct. 16, with bitcoin funds shedding about $229 million and ether ETFs losing $320 million. Withdrawals slowed from the prior week, but selling spread across all major ETFs as investors kept reducing risk exposure. The pace of outflows dropped 52%.