Ether funds post $320 million weekly outflow as bitcoin holds near $81,700

US spot ether exchange-traded funds recorded net outflows of $US320.1 million in the week to Friday 16 October, according to daily data compiled by Farside Investors. Funds had outflows on four of the five trading days.

BlackRock’s iShares Ethereum Trust accounted for $299 million of the week’s outflows, the data showed. The only day of net inflows was 13 October, at $24.8 million. On Friday, ether funds lost $69.7 million, all from the BlackRock fund.

US spot bitcoin ETFs had net outflows of $228.4 million over the same week, according to Farside. They took in $175.7 million on 13 October and $5.1 million on 15 October, but lost $261.4 million on 14 October and $82.4 million on Friday. BlackRock’s iShares Bitcoin Trust had net outflows of $165.4 million for the week, and Fidelity’s fund had $60.2 million.

As of 7:08am GMT on Sunday 18 October, bitcoin was trading at about $81,690, up 0.2% over 24 hours and down 1.6% over seven days, according to CoinGecko. It briefly fell below $80,000 during Thursday’s sell-off, crypto.news reported, citing CoinGecko data.

Ether was at about $2,411, down 0.8% over 24 hours and 3.7% over seven days. Among other large tokens, XRP traded at about $1.30, down 7% over seven days. Solana was at about $103.60, down 5.2%, and Dogecoin was near 7.9 US cents, down 7.1%, CoinGecko data showed.

The week included hotter-than-expected US inflation data. September consumer prices rose 3.7% from a year earlier, crypto.news reported.