Bitcoin ETFs break 8-day influx streak as outflows spike to $242 million

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Bitcoin ETFs break 8-day influx streak as outflows spike to 2 million

On Oct.1, Bitcoin ETFs skilled important web outflows, totaling $242.6 million, reflecting a pointy reversal from the big inflows seen within the earlier week. Constancy’s FBTC ETF led the withdrawals, recording $144.7 million in outflows, whereas Ark’s ARKB ETF noticed $84.3 million in redemptions. Bitwise’s BITB ETF additionally posted $32.7 million in outflows, and VanEck’s HODL ETF misplaced $15.8 million. Grayscale’s GBTC ETF recorded a smaller outflow of $5.9 million. BlackRock’s IBIT ETF was the only main fund with inflows, including $40.8 million.

ETF Supplier IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Whole ($M)
Bitcoin ETFs 40.8 (144.7) (32.7) (84.3) 0.0 0.0 0.0 (15.8) 0.0 (5.9) 0.0 (242.6)

Ethereum ETFs noticed no main exercise on Oct. 1. BlackRock’s ETHA ETF posted a modest influx of $11 million, whereas Grayscale’s ETHE fund, which had skilled outflows the day earlier than, remained unchanged. The marketplace for different Ethereum ETFs, together with Constancy, Bitwise, 21Shares, VanEck, and Invesco, remained quiet, with no inflows or outflows reported.

ETF Supplier ETHA FETH ETHW CETH ETHV QETH EZET ETHE ETH Whole ($M)
Ethereum
ETFs
11.0 0.0 0.0 0.0 0.0 0.0 0.0 (11.8) 0.0 (0.8)

The sharp outflows from Bitcoin ETFs, notably from Ark and Constancy, recommend a possible shift in sentiment after the sturdy inflows of late September. In the meantime, Ethereum ETFs remained comparatively quiet, with minimal actions suggesting a wait-and-see method amongst institutional traders.



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