Midday fund flows | ETFs continue to see outflows in the new week, with greater pressure on ETH
Farside data, U.S. spot ETFs on 11/9:
· BTC ETFs saw net outflows of about $201 million, including about $213 million from IBIT, while MSBT saw a modest inflow of about $22 million
· ETH ETFs saw net outflows of about $185 million, including about $119 million from ETHA, and about $20 million each from ETHB and FETH
Daily outflows from ETH ETFs are now close to those from BTC ETFs, despite ETH's much smaller market size, meaning it faces greater relative pressure. This is also consistent with ETH's noticeably steeper losses than BTC over the past few days.
Market snapshot (Binance spot, around 13:08 Beijing time): $BTC around 74,776 (24h +0.24%), with an intraday range of about 73,750–75,568; $ETH around 2,124 (24h -0.46%), with a low of about 2,083. SOL around 86.2 (-1.06%), BNB around 690 (+0.40%).
U.S. October CPI will be released tonight at 21:30 Beijing time. Against a backdrop of sustained ETF outflows, the inflation data could amplify short-term volatility, so take care to manage position sizes and leverage.
#BTC #ETF #CPI
Data sources: Farside Investors and Binance spot market data. Not investment advice.
Farside data, U.S. spot ETFs on 11/9:
· BTC ETFs saw net outflows of about $201 million, including about $213 million from IBIT, while MSBT saw a modest inflow of about $22 million
· ETH ETFs saw net outflows of about $185 million, including about $119 million from ETHA, and about $20 million each from ETHB and FETH
Daily outflows from ETH ETFs are now close to those from BTC ETFs, despite ETH's much smaller market size, meaning it faces greater relative pressure. This is also consistent with ETH's noticeably steeper losses than BTC over the past few days.
Market snapshot (Binance spot, around 13:08 Beijing time): $BTC around 74,776 (24h +0.24%), with an intraday range of about 73,750–75,568; $ETH around 2,124 (24h -0.46%), with a low of about 2,083. SOL around 86.2 (-1.06%), BNB around 690 (+0.40%).
U.S. October CPI will be released tonight at 21:30 Beijing time. Against a backdrop of sustained ETF outflows, the inflation data could amplify short-term volatility, so take care to manage position sizes and leverage.
#BTC #ETF #CPI
Data sources: Farside Investors and Binance spot market data. Not investment advice.