On October 23, the U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $20.33 million in inflows, followed by BlackRock’s standout performance. Ethereum ETFs on the other side reported outflow of $127.51 million, as per SoSoValue data.
Bitcoin ETFs saw a combined $20.33 million in inflows, with BlackRock IBIT leading at $107.78 million. Additional gains were made by Bitwise BITB of $17.41 million, Fidelity FBTC $7.22 million, and Grayscale BTC’s $3.42 million.
Two funds, Grayscale GBTC and Ark & 21Shares ARKB, reported outflows of $60.49 million and $55.02 million, respectively.
With six out of twelve funds posting ETF action, the total trading value reached $3.68 billion, signalling a sharp drop from the previous day. Net assets came in at $149.43 billion, representing 6.84% of the Bitcoin market cap.
Ethereum ETFs withdrew $127.51 million, showing a growth in outflow from yesterday. Fidelity FETH dominated the session with $77.04 million in withdrawals, as BlackRock ETHA followed with $23.35 million.
Additional sell-offs were made by Bitwise ETHW $8.85 million, Grayscale ETH $6.91 million, and Grayscale ETHE $5.71 million. Out of six reporting funds, VanEck ETHV posted the smallest outflow of the day with $5.65 million.
The total trading value of Ethereum ETFs dropped to $1.52 billion with total net assets of $26.02 billion, representing 5.63% of the Ethereum market cap.
Bitcoin is currently trading at $111,244.05, showing a 2.02% surge from the previous day. But its daily trading volume dropped to around $52.96 billion with a market cap of $2.21 trillion.
Meanwhile, Ethereum is also showing similar progress in its price, trading at $3,970.23. This marks 3.04% higher than yesterday. Its 24-hour trading volume dipped around 11.59%, reaching $37.36 billion on Friday, with a market cap of around $480 billion.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The Canary XRP ETF (XRPC) has recorded a major debut. After launching on the same…
Bitcoin price tumbled close to $98,000 today, marking the third time this month, leaving traders…
Bitcoin (BTC) price has dropped below a crucial psychological support level of about $100k. The…
Bitcoin, the world’s largest cryptocurrency, dropped below $98,000, marking a sharp 3.5% decline in the…
The European countries are fast adopting Bitcoin (BTC) as a strategic reserve asset. After President…
After Bitcoin and Ethereum drew massive institutional inflows, XRP now finds itself at the center…
