BTC and ETH ETFs are both seeing outflows. Are institutions really pulling out?
Price movements easily attract attention, but ETF flows offer another perspective. According to data reported on October 13, U.S. spot Bitcoin ETFs saw net outflows of $65.4 million on the previous trading day, while spot Ethereum ETFs saw net outflows of $85.43 million. All of the Bitcoin ETF outflow came from BlackRock’s IBIT.
These figures are worth watching, but interpreting them as “institutions fleeing en masse” goes too far. Not all ETF holders are institutions, and a single day of net outflows cannot tell us what everyone thinks, let alone represent the direction of capital flows across the entire crypto market. It reflects the change in net creations and redemptions through this channel on that day.
I’m more interested in whether the outflows continue and whether they spread from a handful of products to more of them. If flows improve in the coming days, the current pressure may be temporary. If outflows persist, pressure on the demand side will warrant closer attention. ETH’s outflows were greater than BTC’s, but the absolute figures alone don’t show that ETH is weaker; the size of each fund also matters.
For personal accounts, managing funds and judging the market are two separate things. For example, BiyaPay offers exchanges between digital assets and currencies such as the U.S. dollar and Hong Kong dollar, as well as services related to U.S. and Hong Kong stocks. Through a single account, it connects users to a range of financial services, including cross-border remittances, global stocks, cryptocurrencies, commodity futures, wealth management, foreign exchange, and U Card payments.
ETF data can help assess changes in demand, but it can’t be turned directly into a buy or sell signal. Watching the data over several days is more meaningful than drawing conclusions from a single day. This article reflects personal observations and does not constitute investment advice.
#BTC #ETH #BiyaPay
Price movements easily attract attention, but ETF flows offer another perspective. According to data reported on October 13, U.S. spot Bitcoin ETFs saw net outflows of $65.4 million on the previous trading day, while spot Ethereum ETFs saw net outflows of $85.43 million. All of the Bitcoin ETF outflow came from BlackRock’s IBIT.
These figures are worth watching, but interpreting them as “institutions fleeing en masse” goes too far. Not all ETF holders are institutions, and a single day of net outflows cannot tell us what everyone thinks, let alone represent the direction of capital flows across the entire crypto market. It reflects the change in net creations and redemptions through this channel on that day.
I’m more interested in whether the outflows continue and whether they spread from a handful of products to more of them. If flows improve in the coming days, the current pressure may be temporary. If outflows persist, pressure on the demand side will warrant closer attention. ETH’s outflows were greater than BTC’s, but the absolute figures alone don’t show that ETH is weaker; the size of each fund also matters.
For personal accounts, managing funds and judging the market are two separate things. For example, BiyaPay offers exchanges between digital assets and currencies such as the U.S. dollar and Hong Kong dollar, as well as services related to U.S. and Hong Kong stocks. Through a single account, it connects users to a range of financial services, including cross-border remittances, global stocks, cryptocurrencies, commodity futures, wealth management, foreign exchange, and U Card payments.
ETF data can help assess changes in demand, but it can’t be turned directly into a buy or sell signal. Watching the data over several days is more meaningful than drawing conclusions from a single day. This article reflects personal observations and does not constitute investment advice.
#BTC #ETH #BiyaPay