Bitcoin and Ethereum ETFs faced notable outflows on October 22, signaling cautious sentiment among institutional investors, according to Farside Investors data. While some flagship funds saw inflows, the overall market momentum for spot ETFs weakened amid growing volatility.
Bitcoin spot ETFs recorded a net outflow of $101 million, with Grayscale’s GBTC seeing $56.6 million withdrawn in a single day. BlackRock’s IBIT fund remained a rare bright spot, attracting $73.6 million, while Valkyrie’s BRRR ETF added $2.14 million. Total Bitcoin ETF assets now stand at roughly $146.27 billion. Ethereum ETFs mirrored this pattern, losing $18.77 million collectively, although BlackRock’s ETHA fund gained $111 million, offsetting declines from Fidelity’s FETH fund.
Market watchers point to ETF rotations and macro uncertainty as key drivers, with investors eyeing upcoming U.S. inflation reports and Fed announcements. Analysts note that altcoins like Chainlink, Aave, and Sei are showing early signs of technical recovery, presenting potential opportunities as ETF inflows fluctuate.
Source: https://farside.co.uk/btc/
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