On October 17, both US spot crypto ETFs, Bitcoin and Ethereum, recorded strong outflows. According to SoSoVlaue, Bitcoin ETFs saw $366.59 million outflows, while Ethereum reported $232.28 million.
Bitcoin ETFs recorded a net outflow of $366.59 million, with BlackRock IBIT leading at $268.61 million. Other major funds like Fidelity FBTC and Grayscale GBTC also posted withdrawals of $67.37 million and $25.04 million, respectively. Valkyrie BRRR posted the smallest outflow of the day with $5.57 million.
Neither of the four ETFs posted any inflows for the day. The total trading value surged to $8.20 billion, slightly higher than yesterday. Total net assets came in at $143.93billion, representing 6.75% of the Bitcoin market cap.
Ethereum ETFs saw a net outflow of $232.28 million, with six out of nine ETFs posting withdrawals. BlackRock ETHA led with $146.06 million, and Fidelity FETH followed at $30.61 million. Additional sell-offs were recorded by Grayscale ETHE of $26.13 million and Bitwise ETHW of $20.59 million.
Grasycale ETH $4.69 million and VanEck ETHV $4.21 million reported the smallest outflows for the day. None of the ETFs posted any gains on Friday. The total trading value reached $2.49 billion with net assets of $25.98 million. This marks5.58% of the Ethereum market capitalization.
Bitcoin price has plummeted to $106,743.06, marking a 5.8% decline from last week. Its market cap also slipped to $2.12 trillion, while the 24-hour trading volume surged to $99.48 billion.
Meanwhile, Ethereum hit $3,855.61 on Saturday, showing a 2% drop in 24 hours. Its daily trading volume reached $56.16 billion, with its market cap of $464.93 billion, signalling a weak momentum.
The bullish trend prediction for October has turned extremely bearish as both assets continue to face price decline, with ETF sell-offs.
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.
While the broader crypto market remains weighed down by macro uncertainty and defensive positioning, Hyperliquid…
The U.S. government has entered a partial shutdown after the House failed to vote on…
Lighter has launched Lighter EVM, adding Ethereum Virtual Machine (EVM) support to let developers build…
Changpeng Zhao (CZ) has rejected claims that Binance was responsible for the massive $19 billion…
The search for the next breakout crypto always intensifies as the market heads toward a…
Story Highlights The live price of the ARB token is . Price predictions for 2026…
