Investors Continue Pulling Funds from Spot BTC and ETH ETFs
Bitcoin and Ethereum ETFs have posted negative flows for the second consecutive day amid renewed market weakness. BTC is currently trading around $110,000, while ETH has dropped below $4,000.
On October 30, net outflows from spot Bitcoin ETFs totaled $488 million. The biggest losses came from BlackRock’s IBIT and Ark & 21Shares’ ARKB, which saw outflows of over $290 million and $65 million, respectively, according to SoSoValue.
Spot Ethereum ETFs saw total outflows exceeding $184 million. Investors pulled funds from all ETH ETFs except Grayscale’s ETHE. BlackRock’s ETHA led with $118 million in outflows, followed by Bitwise’s ETHW, which lost $31 million.
While Bitcoin and Ethereum ETFs remain under pressure due to market weakness, other crypto exchange-traded funds have recorded inflows. Newly launched Solana, Hedera, and Litecoin ETFs are attracting steady investment.
Among them, Bitwise’s BSOL fund stood out as the highlight of the week — the first Solana-based ETF in the U.S., which attracted a record $155 million in just three days.
See also: "Bitcoin to End October With a Decline for the First Time Since 2018"
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