Zameer is a financial analyst and writer with a particular interest in cryptocurrency markets. He has been studying cryptocurrencies and their market behavior for several years and deeply understands the factors that affect the price of cryptocurrencies. His expertise lies in his ability to use both technical and fundamental analysis to make informed predictions about the future direction of cryptocurrency prices. He has a strong understanding of market sentiment and uses this to inform his trading decisions and price predictions.
On October 23, spot Bitcoin ETFs attracted $90.60 million in inflows, with none of the funds posting any outflows. On the other side, Ethereum ETFs recorded $93.60 million in outflows, according to SoSoValue.
Bitcoin ETFs recorded a total of $90.60 million in inflows, with two funds posting any action for the day. Fidelity FBTC and BlackRock IBIT gained $57.92 million and $32.68 million, respectively.
Total trading value in Bitcoin ETFs dropped to $3.34 billion, with net assets of $149.96 billion. This represents 6.78% of the Bitcoin market cap.
Ethereum ETFs also recorded $93.60 million in outflows. BlackRock ETHA posted $100.99 million in outflows, while Grayscale ETH saw gains of $7.40 million.
The total trading value dropped even further to $1.41 billion, with $26.39 billion in net assets. This marks 5.55% of the Ethereum market cap, slightly lower than the previous day.
Bitcoin is currently trading at $111,382.03, showing a 0.5% progress in 24 hours. But its daily trading volume is still down around 12% reaching approximately $45.07 billion with a market cap of $2.22 trillion.
Meanwhile, Ethereum is trading at $3,932.12, slightly higher than the previous day. This marks a 0.32% up than yesterday. Its 24-hour trading volume dipped around 8.13%, reaching $32.49 billion on Saturday, with a market cap of around $474.43 billion.
The figures show that both assets continue to grow from yesterday. This comes when the US government is entering its 25th day of shutdown. According to data from Myriad, 79% traders believe that the shutdown will remain active as of November 5, 2025. In broad terms, both assets, Bitcoin and Ethereum, are in recovery mode, showing cautious optimism.
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