US spot Bitcoin and Ether ETFs lost a combined $1.22B over Oct 5–9, and one BlackRock fund made up 88% of the Ether side.
Farside's daily totals for the week: Bitcoin ETFs -$678.9M, Ether ETFs -$542.2M. Bitcoin still logged two inflow days, Oct 6 and Oct 9. Ether had none.
BlackRock's ETHA alone shed $477.1M. That is 88% of every dollar that left Ether ETFs, by our math. BlackRock's Bitcoin fund, IBIT, finished the same five days at +$1.1M. Same issuer, flat on one coin, heavy selling on the other.
On Binance, ETH went from about $2,727 at the Oct 5 open to $2,488 at the Oct 9 close (UTC days), a drop of close to 9%. It trades near $2,546 now, with BTC around $83,350.
Ether ETFs: 0 green days out of 5. September CPI lands Oct 14.
$BTC $ETH
#ETF #Ethereum
NFA. DYOR.
Farside's daily totals for the week: Bitcoin ETFs -$678.9M, Ether ETFs -$542.2M. Bitcoin still logged two inflow days, Oct 6 and Oct 9. Ether had none.
BlackRock's ETHA alone shed $477.1M. That is 88% of every dollar that left Ether ETFs, by our math. BlackRock's Bitcoin fund, IBIT, finished the same five days at +$1.1M. Same issuer, flat on one coin, heavy selling on the other.
On Binance, ETH went from about $2,727 at the Oct 5 open to $2,488 at the Oct 9 close (UTC days), a drop of close to 9%. It trades near $2,546 now, with BTC around $83,350.
Ether ETFs: 0 green days out of 5. September CPI lands Oct 14.
$BTC $ETH
#ETF #Ethereum
NFA. DYOR.