On October 15, both US spot ETFs, Bitcoin and Ethereum, experienced a significant decline. Bitcoin ETFs recorded a net outflow of $94.00 million, while Ethereum ETFs saw gains of $5.32 million, as per the SoSoValue report.
Bitcoin ETF Breakdown
Bitcoin ETFs saw an outflow of $94.00 million, marking a notable drop. Only two of its ETFs posted action of sell-offs. Grayscale GBTC recorded $82.90 million, and Invesco BTCO $11.10 million in withdrawals.
Neither of the ETFs posted any gains for the session. Its total trading value also dropped to $4.55 billion with total net assets of $152.66 billion. This represents 6.82% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs recorded a combined $5.32 million in inflows, with two ETFs posting gains. Bitwise ETHW and Fidelity FETH added $12.31 million and $9996.44K, respectively.
21Shares TETH was the only ETF to report an outflow of $7.98 million. Its total trading value plummeted to $2.14 billion with total net assets of $27.69 billion, marking 5.66% of the Ethereum market cap.
Market Context
Bitcoin is trading at $111,584, down 8.2% from last week. Its market cap is $2.22 trillion, with a daily trading volume of $69.47 billion, showing weak market momentum.
Ethereum is at $4,015, slightly lower than yesterday. Its 24-hour trading volume is $47.22 billion, and its market cap is $483.33 billion, both slightly down.
The crypto market has been weakening since the October 10 selloff. Concerns over the US-China trade war and tariffs triggered the drop. Geopolitical tensions, overleveraging, and large liquidations have also added pressure.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed