Bitcoin ETFs returned to positive territory with a modest $20 million inflow, while ether ETFs extended their losses with $128 million in outflows.
Bitcoin ETFs Recover With $20 Million Inflow as Ether Slumps
This article was published more than a month ago. Some information may no longer be current.
WRITTEN BY
SHARE
Crypto ETFs Split Paths as Bitcoin Rises but Ether Retreats With $128 Million Outflow
The crypto exchange-traded fund (ETF) market showed a tale of two assets on Thursday, Oct. 23, with bitcoin inching forward while ether retreated sharply. Investor sentiment seemed to pivot toward BTC again, though with a hint of caution after a volatile week.
Bitcoin ETFs ended the day with a net inflow of $20.33 million, as four funds saw positive entries. Blackrock’s IBIT continued to dominate the field with a $107.78 million inflow, reinforcing its status as the institutional favorite. Bitwise’s BITB contributed another $17.41 million, while Fidelity’s FBTC and Grayscale’s Bitcoin Mini Trust added $7.22 million and $3.42 million, respectively.
But the gains were nearly undone by outflows. Grayscale’s GBTC lost $60.49 million, and Ark & 21shares’ ARKB shed $55.02 million. Still, bitcoin ETFs managed to close green, supported by steady trading activity of $3.68 billion and net assets rising to $149.43 billion.
Ether ETFs, meanwhile, extended their losing streak with $127.51 million in outflows, suggesting investor hesitation remains high. Fidelity’s FETH led the redemptions with a $77.04 million exit, followed by Blackrock’s ETHA with $23.35 million. More redemptions came from Bitwise’s ETHW ($8.85 million), Grayscale’s Ether Mini Trust ($6.91 million), ETHE ($5.71 million), and Vaneck’s ETHV ($5.65 million). Trading volumes settled at $1.52 billion, with net assets slipping to $26.02 billion.
The diverging flows underscore the current mood of the market, with bitcoin holding investor trust amid turbulence, while ether continues to face cautious profit-taking and cooling demand.
FAQ💹
- Why did Bitcoin ETFs see inflows?
Bitcoin ETFs drew $20 million as investor confidence shifted back toward BTC after recent volatility. - Why are Ether ETFs still facing outflows?
Ether funds lost $128 million as traders continued profit-taking and showed caution toward ETH exposure. - Which funds led the Bitcoin ETF gains?
Blackrock’s IBIT led with a $107 million inflow, followed by Bitwise’s BITB and Fidelity’s FBTC. - What do these flows signal for the market?
They show a split sentiment with investors favoring bitcoin’s stability while staying wary of ether’s short-term outlook.
