ETF flows ended Oct. 16 lower for both Bitcoin and Ether.
Farside Investors’ daily tracker reported $82.4M in net outflows from U.S. spot BTC ETFs, reversing the prior session’s $5.1M inflow. U.S. spot ETH ETFs recorded $69.7M in outflows for a third straight day. Combined, that was $152.1M in net outflows on Oct. 16. Farside attributes the BTC total to IBIT (-$71.8M) and FBTC (-$10.6M), and the ETH total to ETHA (-$69.7M).
One session is a data point, not a price forecast. What do you track more closely: the daily print or the weekly trend?
Sources: Farside BTC https://farside.co.uk/btc/ | ETH https://farside.co.uk/eth/; CoinNess reports at 04:00 and 04:04 UTC: https://coinness.com/en/news/1172094 | https://coinness.com/en/news/1172095
Conclusion: Treat daily ETF flows as one signal, not a standalone trading cue.
$BTC · $ETH
Binance charts: BTC/USDT https://www.binance.com/en/trade/BTC_USDT | ETH/USDT https://www.binance.com/en/trade/ETH_USDT
Check the chart for yourself, do your own research, and trade responsibly.
#Bitcoin #Ethereum #ETFFlows #CryptoMarkets
Farside Investors’ daily tracker reported $82.4M in net outflows from U.S. spot BTC ETFs, reversing the prior session’s $5.1M inflow. U.S. spot ETH ETFs recorded $69.7M in outflows for a third straight day. Combined, that was $152.1M in net outflows on Oct. 16. Farside attributes the BTC total to IBIT (-$71.8M) and FBTC (-$10.6M), and the ETH total to ETHA (-$69.7M).
One session is a data point, not a price forecast. What do you track more closely: the daily print or the weekly trend?
Sources: Farside BTC https://farside.co.uk/btc/ | ETH https://farside.co.uk/eth/; CoinNess reports at 04:00 and 04:04 UTC: https://coinness.com/en/news/1172094 | https://coinness.com/en/news/1172095
Conclusion: Treat daily ETF flows as one signal, not a standalone trading cue.
$BTC · $ETH
Binance charts: BTC/USDT https://www.binance.com/en/trade/BTC_USDT | ETH/USDT https://www.binance.com/en/trade/ETH_USDT
Check the chart for yourself, do your own research, and trade responsibly.
#Bitcoin #Ethereum #ETFFlows #CryptoMarkets