On October 15, both US spot ETFs, Bitcoin and Ethereum, experienced a significant decline. Bitcoin ETFs recorded a net outflow of $94.00 million, while Ethereum ETFs saw gains of $5.32 million, as per the SoSoValue report.
Bitcoin ETFs saw an outflow of $94.00 million, marking a notable drop. Only two of its ETFs posted action of sell-offs. Grayscale GBTC recorded $82.90 million, and Invesco BTCO $11.10 million in withdrawals.
Neither of the ETFs posted any gains for the session. Its total trading value also dropped to $4.55 billion with total net assets of $152.66 billion. This represents 6.82% of the Bitcoin market cap.
Ethereum ETFs recorded a combined $5.32 million in inflows, with two ETFs posting gains. Bitwise ETHW and Fidelity FETH added $12.31 million and $9996.44K, respectively.
21Shares TETH was the only ETF to report an outflow of $7.98 million. Its total trading value plummeted to $2.14 billion with total net assets of $27.69 billion, marking 5.66% of the Ethereum market cap.
Bitcoin is trading at $111,584, down 8.2% from last week. Its market cap is $2.22 trillion, with a daily trading volume of $69.47 billion, showing weak market momentum.
Ethereum is at $4,015, slightly lower than yesterday. Its 24-hour trading volume is $47.22 billion, and its market cap is $483.33 billion, both slightly down.
The crypto market has been weakening since the October 10 selloff. Concerns over the US-China trade war and tariffs triggered the drop. Geopolitical tensions, overleveraging, and large liquidations have also added pressure.
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.
BTC price fell sharply to $74,500 over the weekend following a sudden escalation in geopolitical…
The crypto market has turned green over the last 24 hours, offering some relief after…
Ripple has received full approval for an Electronic Money Institution (EMI) license in the European…
HBAR price is trading near $0.09418 as bearish pressure continues across the broader altcoin market.…
Bitcoin is showing early signs of stabilising after bouncing from its recent April low, but…
The crypto market has been under heavy selling pressure over the past few days, with…
