Overview
- Spot Bitcoin ETFs saw $470.71 million in net outflows on Oct. 29, breaking a four-day inflow streak that had totaled about $462.7 million.
- Ethereum ETFs recorded $81.44 million in net outflows the same day after two sessions of inflows that had reached roughly $379.93 million.
- Large withdrawals were concentrated at major issuers, led by Fidelity’s FBTC ($164.36 million) and ARK 21Shares’ ARKB ($143.8 million), with no BTC fund reporting inflows.
- For ETH funds, Fidelity’s FETH led outflows at $69.49 million, while BlackRock’s ETHA was the lone fund with inflows at $21.36 million.
- Trading in BTC ETFs jumped to $7.07 billion from $4.18 billion a day earlier, liquidations rose about 75% to $594 million, and BTC and ETH fell roughly 3% as ETH tested the $4,000 level with weakening momentum indicators.