News View Non-AMP

$3.68B Bitcoin ETF Trading Shows Strong Demand Despite Ethereum Exodus

Published by
Zameer Attar

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 ETF Breakdown

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 ETF Breakdown

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. 

Market Context

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.

Zameer Attar

Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.

Trust with CoinPedia:

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.

Investment Disclaimer:

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 and Advertisements:

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.

Recent Posts

Strategy Buys 1,142 BTC, Now Holds Over 714K Coins

Strategy has announced the purchase of 1,142 Bitcoin for roughly $90 million, at an average…

February 9, 2026

Top 3 Crypto Picks for 2026 as Investors Reposition for the Next Crypto Cycle

The crypto market is entering a new crypto phase as early 2026 begins. Investor behaviour…

February 9, 2026

Signs Of a Cryptocurrency Bear Market Have Emerged – Savvy Investors Have Begun Protecting Their Funds

After falling nearly 45% from its all-time high of $126,080, Bitcoin broke below its 365-day…

February 9, 2026

Monero Price Prediction 2026, 2027 – 2030: Privacy Coin Growth Ahead

Story Highlights The live price of the Monero crypto is . Monero price made a…

February 9, 2026

Ethena Price Prediction 2026, 2027 – 2030: Will ENA Price Cross $2?

Story Highlights The live price of the Ethena token is . The ENA price could…

February 9, 2026

Crypto.com CEO Kris Marszalek Spends $70 Million on ai.com in Historic Domain Deal

Kris Marszalek, the CEO and co-founder of Crypto.com, has made one of the boldest moves…

February 9, 2026