Ethereum spot ETFs have recorded net outflows for four consecutive trading days, with total net outflows of $105 million on October 29 (U.S. Eastern Time). Bitcoin spot ETFs saw net inflows of $17.0719 million that same day, also extending their streak to four consecutive days.
The scale of the two flows is in a different league. $ETH is seeing continued redemptions, so saying that funds are rotating from Ethereum to Bitcoin would be an overstatement. BlackRock’s ETHA alone saw $71.7 million in outflows that day, with redemptions concentrated in a single product rather than the entire industry pulling out.
According to SoSoValue data, as of October 29, the total net assets of Ethereum spot ETFs stood at $13.984 billion, accounting for 5.07% of Ethereum’s total market capitalization. Keep an eye on ETHA’s daily figures in the coming days; they’ll show more quickly than the overall total whether this round of redemptions has stopped.
#以太坊ETF #比特币ETF #Fund flows
The scale of the two flows is in a different league. $ETH is seeing continued redemptions, so saying that funds are rotating from Ethereum to Bitcoin would be an overstatement. BlackRock’s ETHA alone saw $71.7 million in outflows that day, with redemptions concentrated in a single product rather than the entire industry pulling out.
According to SoSoValue data, as of October 29, the total net assets of Ethereum spot ETFs stood at $13.984 billion, accounting for 5.07% of Ethereum’s total market capitalization. Keep an eye on ETHA’s daily figures in the coming days; they’ll show more quickly than the overall total whether this round of redemptions has stopped.
#以太坊ETF #比特币ETF #Fund flows