📉 FROM +$528M TO -$635M IN 24 HOURS
Spot Bitcoin ETFs flipped hard on Oct 22:
→ Total net outflows: $635M
→ BlackRock's IBIT led with -$254M
→ Spot ETH ETFs: -$111M, ETHA alone -$75.45M
That's the largest BTC ETF outflow since late June, right after a day of strong inflows.
My take: ETF money is reacting to price, not leading it. One red day doesn't break the trend, but two or three would.
Is this a shakeout or the start of a bigger rotation out? 🤔
Spot Bitcoin ETFs flipped hard on Oct 22:
→ Total net outflows: $635M
→ BlackRock's IBIT led with -$254M
→ Spot ETH ETFs: -$111M, ETHA alone -$75.45M
That's the largest BTC ETF outflow since late June, right after a day of strong inflows.
My take: ETF money is reacting to price, not leading it. One red day doesn't break the trend, but two or three would.
Is this a shakeout or the start of a bigger rotation out? 🤔