2024-10-3 10:42 |
On Oct. 2, Bitcoin ETFs experienced a net outflow of $52.9 million, continuing the recent trend of mixed sentiment within the market. Ark’s ARKB ETF recorded the largest outflow of $60.3 million, while BlackRock’s IBIT ETF posted a more modest outflow of $13.7 million.
However, Fidelity’s FBTC ETF saw an inflow of $21.1 million, partially offsetting the broader outflows. No significant activity was reported across other ETFs, including those from Bitwise, Invesco, Franklin, Valkyrie, VanEck, WisdomTree, or Grayscale’s two Bitcoin products, which remained flat.
ETF Provider IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total ($M) Bitcoin ETFs (13.7) 21.1 – (60.3) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (52.9)In contrast, Ethereum ETFs showed more positive momentum, with a total inflow of $19.8 million. BlackRock’s ETHA ETF led the pack with an $18 million inflow, while Franklin Templeton’s EZET ETF added $1.8 million. Other Ethereum ETFs, including those from Fidelity, Bitwise, 21Shares, VanEck, Invesco, and both of Grayscale’s funds, saw no significant daily inflows or outflows.
ETF Provider ETHA FETH ETHW CETH ETHV QETH EZET ETHE ETH Total ($M) Ethereum ETFs 18.0 0.0 0.0 0.0 0.0 0.0 1.8 0.0 0.0 19.8This divergence in flows between Bitcoin and Ethereum ETFs illustrates the ongoing market volatility and selective positioning by institutional investors. While Ethereum products continue to attract inflows, Bitcoin ETFs face pressure, particularly from Ark and BlackRock’s funds, signaling that investors adjust their exposure to market conditions.
The post Bitcoin ETFs see $52.9 million outflow as Ethereum ETFs attract $19.8 million inflow appeared first on CryptoSlate.
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