On October 20, Ethereum ETFs saw net outflows of $146 million, marking three consecutive days of withdrawals, reflecting cautious investor sentiment amid market volatility. Bitcoin ETFs also recorded outflows of $40.47 million, extending a four-day withdrawal streak. This simultaneous outflow suggests a short-term shift in market sentiment due to macroeconomic, liquidity, or regulatory concerns, though experts believe long-term institutional flows remain stable and may return once the market stabilizes.