The latest U.S. spot crypto ETF figures are in: on October 16, none of the four major coins held on—all saw net outflows 📉
🔹 Bitcoin ETFs: approximately $82.39 million in net outflows, including about $71.78 million from BlackRock’s IBIT alone and about $10.61 million from Fidelity’s FBTC
🔹 Ethereum ETFs: approximately $69.68 million in net outflows
🔹 SOL ETFs: approximately $12.67 million in net outflows
🔹 XRP ETFs: approximately $2.47 million in net outflows
BTC and ETH alone saw about $152 million leave in a single day.
Still, there’s no need to be too pessimistic: spot Bitcoin ETFs still have approximately $104.3 billion in total net assets, with cumulative net inflows of about $56.9 billion since launch. These outflows are just a small fluctuation in the grand scheme of things.
My take: institutions seem to be trimming their positions in response to risk aversion in U.S. equities, rather than turning collectively bearish on crypto. The key thing to watch is whether outflows accelerate for several days in a row.
Do you think institutions are pulling out, or is this just a shakeout before the next leg up?
#以太坊跌破2400USDT #BTC #ETH
🔹 Bitcoin ETFs: approximately $82.39 million in net outflows, including about $71.78 million from BlackRock’s IBIT alone and about $10.61 million from Fidelity’s FBTC
🔹 Ethereum ETFs: approximately $69.68 million in net outflows
🔹 SOL ETFs: approximately $12.67 million in net outflows
🔹 XRP ETFs: approximately $2.47 million in net outflows
BTC and ETH alone saw about $152 million leave in a single day.
Still, there’s no need to be too pessimistic: spot Bitcoin ETFs still have approximately $104.3 billion in total net assets, with cumulative net inflows of about $56.9 billion since launch. These outflows are just a small fluctuation in the grand scheme of things.
My take: institutions seem to be trimming their positions in response to risk aversion in U.S. equities, rather than turning collectively bearish on crypto. The key thing to watch is whether outflows accelerate for several days in a row.
Do you think institutions are pulling out, or is this just a shakeout before the next leg up?
#以太坊跌破2400USDT #BTC #ETH