UPDATE: Spot crypto ETFs hit by $746.4 million in net outflows on October 22
CIE News ·
Update to UPDATE: BlackRock leads ETF outflows as monthly Ethereum withdrawals top $1B
Confirmed by 2 independent news outlets.
U.S. spot crypto ETFs saw $746.4 million in net outflows on October 22, as updated data reveals withdrawals across Solana and Ethereum funds alongside $635.49 million from Bitcoin ETFs.
Total daily net outflows from U.S. spot cryptocurrency ETFs reached $746.4 million for the session ending October 22, according to updated market data. As previously reported, spot Bitcoin (BTC) ETFs drove the bulk of the decline with $635.49 million in net withdrawals, ending a three-day streak of inflows. Morgan Stanley's MSBT was an exception among Bitcoin funds, securing $2.3 million in positive flows.
The updated breakdown also shows wider selling across altcoin funds, with Ethereum (ETH) ETFs posting roughly $111 million in outflows, including $75.45 million pulled from BlackRock's ETHA, fameex.com reported. Solana ETFs registered $9 million in daily withdrawals, whereas XRP ETFs bucked the trend with $3.6 million in net inflows.
Key facts
- $746.4M total crypto ETF outflow
- $635.49M Bitcoin ETF outflow
- $110.6M to $111M Ether ETF outflow
- $3.6M XRP ETF inflow
Read the original at BeInCrypto