UPDATE: Bitcoin and Ethereum ETFs shed hundreds of millions on Oct. 30
CIE News ·
Update to US spot Ethereum ETFs lose $155.85 million in fifth straight day of outflows
Based on reporting by CryptoRank; not yet independently confirmed.
U.S. spot Bitcoin ETFs lost up to $643.33M on Oct. 30 alongside $156M in spot Ethereum ETF withdrawals, widening outflows previously reported for ether funds alone.
U.S. spot Bitcoin (BTC) ETFs lost up to $643.33 million in daily net redemptions on Oct. 30, according to data reported by crypto.news and tracker updates. As previously reported, U.S. spot Ethereum (ETH) ETFs logged their fifth straight day of redemptions on the same day, shedding roughly $156 million to produce a combined daily exit of nearly $800 million amid risk-off sentiment.
BlackRock led net withdrawals across both asset classes. Its iShares Bitcoin Trust recorded $234 million in outflows, while Fidelity's fund lost $201 million and ARK 21Shares lost $129.5 million, according to crypto.news. On-chain custodial trackers noted underlying BTC and ETH were transferred to authorized participants to complete settlements for the session.
For ether products, BlackRock's ETHA represented $76.64 million of the daily net withdrawals, altcoinbuzz.io reported. Additional redemptions from Grayscale and Fidelity brought total October net outflows for Ethereum ETFs to approximately $1.61 billion.
Key facts
- $643.33M BTC ETF daily outflows
- $156M ETH ETF daily outflows
- $234M pulled from BlackRock IBIT
- $76.64M pulled from ETHA
Read the original at CryptoRank