Bitcoin ETFs reverse to net outflows… Ethereum ETFs see outflows for five consecutive trading days
U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) recorded combined net outflows of $798.9 million on October 30 (local time). According to data compiled by Farside Investors, Bitcoin ETFs saw $643.2 million in net outflows, while Ethereum ETFs recorded $155.7 million.
Bitcoin ETFs ended a four-trading-day streak of net inflows and turned to net outflows. On the previous day, October 29, they recorded $17.2 million in net inflows.
By product, BlackRock’s IBIT saw $233.7 million in outflows, while Fidelity’s FBTC recorded $201 million in outflows. ARK Invest’s ARKB recorded $129.5 million in net outflows, Grayscale’s GBTC recorded $53.3 million, and Bitwise’s BITB recorded $25.7 million.
Ethereum ETFs extended their net outflows for five consecutive trading days starting October 26. BlackRock’s ETHA saw $76.6 million in net outflows, while ETHB recorded $19.5 million.
Grayscale’s ETH and ETHE saw outflows of $34.1 million and $21.5 million, respectively. Fidelity’s FETH recorded $3.3 million in net outflows, while Morgan Stanley’s MSSE recorded $700,000.