Key Points:
- Bitcoin Spot ETF outflows were $18.66M on October 8, with FBTC seeing a significant outflow of $48.82M, while IBIT had an inflow of $39.57M.
- Ethereum Spot ETF reported a net outflow of $8.188M on the same day, reflecting volatility across both Bitcoin and Ethereum ETFs.
On October 8, Bitcoin Spot ETF outflows of $18.663M, while FBTC lost $48.82M. However, IBIT gained $39.57M. Ethereum Spot ETF also faced outflows of $8.188M.
Bitcoin Spot ETF Outflows Continue Amid Market Fluctuations
Bitcoin Spot ETF outflows of $18.663M on October 8. The notable one was heavy outflows of $48.82M in FBTC, while inflows went to IBIT for $39.57M. These numbers are indicative of market volatility and market sentiment changes in that large funds flowing in or out are normally considered an institutional interest for or against Bitcoin, according to SoSoValue data.
Read more: Bitcoin Spot ETF Inflows Reaches $235M on October 7
Ethereum Spot ETF Experiences $8.18M Outflow Amid Bitcoin Surge
On the same day, Ethereum Spot ETFs saw a net outflow of $8.188M, led by Bitwise’s ETHW at $4.54M and Fidelity’s FETH at $3.65M, after zero flows reported Monday. Continuing the bad days for ETH investors.
Whereas Bitcoin saw inflows, such as into IBIT, Ethereum was not able to attract positive capital flow on the same day. The contrast between Bitcoin’s gain and Ethereum’s loss shows a divergence in the market strategy.
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Source: https://coincu.com/286343-bitcoin-spot-etf-outflows-hit-18-66m