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    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.

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    Bitcoin ETF Outflows Top $100 Million as Ethereum Also Declines

    Story Highlights
    • Bitcoin ETFs saw $101.29 million in outflows, while Ethereum recorded $18.77 million.

    • Both assets still down today, Bitcoin is trading at $108,630.76 and Ethereum at $3,832.38

    On October 22, both US spot crypto ETFs reported negative inflows, showing a sharp reversal from the previous day. According to SoSoValue, Bitcoin ETFs saw $101.29 million in outflows, while Ethereum recorded $18.77 million.ย 

    Bitcoin ETF Breakdown 

    Bitcoin ETFs recorded a total outflow of $101.29 million, with four ETFs posting withdrawals. Funds like Grayscale GBTC, Fidelity FBTC, and Ark & 21Shares withdrew $56.63 million, $56.56 million, and $53.87 million, respectively. 

    Bitwise BITB posted the smallest outflows of the day with $9.99 million. Two funds reported inflows as well. BlackRock IBIT added $73.63 million while Valkyrie BRRR recorded $2.14 million in inflows. 

    The total trading value has dropped from yesterday, reaching $6.58 billion, with net assets reporting at $146.27 billion. This marks 6.81% of the Bitcoin market capitalization.ย 

    Ethereum ETF Breakdown 

    Ethereum ETFs saw a total net outflow of $18.77 million, with Fidelity FETH leading at $49.46 million. Two other funds, Grayscale ETH and Grayscale ETHE, reported withdrawals of $46.57 million and $33.46 million, respectively. 

    Meanwhile, BlackRock ETHA added gains and reported $110.71 million in inflows. Its total trading volume dropped to $2.63 billion, with net assets of $25.81 billion. This represents 5.66% of the Ethereum market cap. 

    Market Context 

    Bitcoin is trading at $108,630.76 right now, showing a little stability there. Its daily trading volume is around $74.61 billion with a market cap of $2.16 trillion. 

    Ethereum is priced at $3,832.38, showing a 0.89% drop from the previous day. Its 24-hour trading volume also dipped around 15%, reaching $43.07 billion on Thursday. ETH market cap has reached $462.3 billion.

    The crypto market is down today. Both crypto assets are still struggling to recover from the aftershocks of geopolitical tensions. 

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