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.
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.
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.
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.
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.
South Korean cryptocurrency mogul Do Kwon is about to face 12 years in prison for…
Ethereum (ETH) price has finally shown its first real sign of strength in months. The…
XRP is under pressure today, falling more than 4% and trading around $2.05. The token…
Dogecoin’s recent price trends continue to demonstrate the incredible influence of community and viral appeal…
Nischal Shetty, co-founder of Shardeum, says the rise of spot Bitcoin exchange-traded funds (ETFs) has…
Bitcoin, Ethereum and XRP all fell today, pulling the wider crypto market down with them.…
