Recent data reveals a significant outflow from Bitcoin and Ethereum spot exchange-traded funds (ETFs), signaling investor hesitancy. According to October 14th data, Bitcoin spot ETFs experienced a $327 million net outflow, with the sole positive influx coming from BlackRock’s IBIT ETF which saw $60.36 million in inflows. This marked a significant shift in sentiment as Grayscale’s GBTC ETF witnessed the highest outflows at $145 million, totaling over $24.35 billion in historical net outflows. 1 On the Ethereum front, similar trends emerged with outflows of $429 million recorded on October 13th. BlackRock’s ETHA ETF experienced the largest outflow of $310 million, followed by Grayscale’s mini Ethereum (ETH) fund with net outflows of $49.67 million. The combined impact of these outflows resulted in a notable decrease for both Bitcoin and Ethereum spot ETFs with their respective total assets now standing at $157.18 billion for Bitcoin, representing 6.81% of its market capitalization and $28.75 billion for Ethereum, showcasing a market share of 5.56%. This data suggests a need to understand the underlying reasons behind this trend and assess investor perspectives on these ETFs.