As the Crypto Market Continues its Downtrend, Bitcoin and Ethereum ETFs Continue to Exit! Here's the Latest Data

According to the latest data, Bitcoin spot ETFs saw a total net outflow of $101 million. However, BlackRock's IBIT fund alone stood out with a net inflow of $73.6 million, despite weak market flows. Bitcoin Spot ETFs See $101 Million Net Outflow, BlackRock IBIT Leads Again According to SoSoValue data, IBIT's total historical net inflows reached $65.17 billion. Valkyrie's BRRR ETF followed closely behind, with the BRRR fund seeing net inflows of $2.14 million in yesterday's trading, bringing the total inflows to $323 million. The largest single-day outflow occurred in Grayscale's GBTC fund, which recorded a net outflow of $56.6 million, bringing its historical total outflow to $24.55 billion. The total net asset value of Bitcoin spot ETFs is recorded at $146.27 billion, which is approximately 6.81% of Bitcoin's total market capitalization. A similar trend was observed for Ethereum spot ETFs, with a total net outflow of $18.77 million on October 22. BlackRock's ETHA fund alone performed positively, reporting net inflows of $111 million. The largest outflow was $49.46 million in Fidelity's FETH ETF. The total net asset value of Ethereum spot ETFs is $25.82 billion, with a historical total net inflow of $14.57 billion. *This is not investment advice. Continue Reading: As the Crypto Market Continues its Downtrend, Bitcoin and Ethereum ETFs Continue to Exit! Here's the Latest Data