US spot Bitcoin ETFs took in $119M on Tuesday. On Wednesday, Oct 7, $485M left.
That's the biggest one-day outflow since June 25, per Farside's data. BlackRock's IBIT went from +$122M to -$207.7M in a day, and Fidelity's FBTC and ARK's ARKB each lost just over $100M.
Ether ETFs had their 7th straight day of outflows: -$160.9M on Wednesday, about $569M over the run. BlackRock's ETHA accounts for $318M of that in the last two sessions alone.
By our math, Wednesday took back about 4x Tuesday's Bitcoin inflow, and the two groups of funds lost $646M combined in one session. It landed on the same day as the Fed minutes. Bitcoin sits near $82,700 on Binance this morning.
Seven red days on ETH is a trend. One green day on BTC was not.
$BTC $ETH
#BitcoinETF #Ethereum
NFA. DYOR.
That's the biggest one-day outflow since June 25, per Farside's data. BlackRock's IBIT went from +$122M to -$207.7M in a day, and Fidelity's FBTC and ARK's ARKB each lost just over $100M.
Ether ETFs had their 7th straight day of outflows: -$160.9M on Wednesday, about $569M over the run. BlackRock's ETHA accounts for $318M of that in the last two sessions alone.
By our math, Wednesday took back about 4x Tuesday's Bitcoin inflow, and the two groups of funds lost $646M combined in one session. It landed on the same day as the Fed minutes. Bitcoin sits near $82,700 on Binance this morning.
Seven red days on ETH is a trend. One green day on BTC was not.
$BTC $ETH
#BitcoinETF #Ethereum
NFA. DYOR.