According to data from October 14th, Bitcoin spot ETFs recorded a total net outflow of $327 million. According to SoSoValue data, the only positive fund on the day was BlackRock’s IBIT ETF. IBIT saw net inflows of $60.36 million, bringing its historical total net inflow to $65.32 billion.
Bitcoin and Ethereum Spot ETFs Show Massive Net Outflow: Only BlackRock IBIT Produces Positive Returns
Meanwhile, Grayscale’s GBTC ETF recorded the highest outflow, with net outflows of $145 million. GBTC’s total historical net outflows reached $24.35 billion.
According to the data, the total net asset value of Bitcoin spot ETFs stands at $157.18 billion, equivalent to 6.81% of Bitcoin’s total market capitalization. The historical total net inflow is measured at $62.44 billion.
During the same period, Ethereum spot ETFs also experienced selling pressure. The funds recorded net outflows of $429 million on October 13.
The largest outflow occurred in BlackRock’s ETHA ETF, with $310 million, followed by Grayscale’s mini Ethereum (ETH) fund, which saw net outflows of $49.67 million.
In total, the net asset value of Ethereum spot ETFs was determined as $28.75 billion, with a market share of 5.56%.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/bitcoin-btc-and-ethereum-eth-spot-etfs-see-massive-outflows-heres-the-latest-data/
