On October 23, spot Bitcoin ETFs attracted significant inflows amounting to $90.60 million, with none of the funds posting any outflows. In contrast, Ethereum ETFs experienced $93.60 million in outflows, according to data from SoSoValue.
**Bitcoin ETF Breakdown**
Bitcoin ETFs recorded a total of $90.60 million in inflows, driven by activity in two key funds. Fidelity FBTC gained $57.92 million, while BlackRock IBIT added $32.68 million.
The total trading value for Bitcoin ETFs dropped to $3.34 billion, with net assets standing at $149.96 billion. This represents approximately 6.78% of the overall Bitcoin market capitalization.
**Ethereum ETF Breakdown**
Ethereum ETFs saw outflows totaling $93.60 million. BlackRock ETHA led these outflows with $100.99 million withdrawn. However, Grayscale ETH registered gains of $7.40 million during the same period.
Ethereum ETFs’ total trading value decreased further to $1.41 billion, with net assets amounting to $26.39 billion. This corresponds to roughly 5.55% of Ethereum’s market cap, marking a slight decline compared to the previous day.
**Market Context**
Bitcoin is currently trading at $111,382.03, reflecting a 0.5% increase over the past 24 hours. Despite this price gain, its daily trading volume has fallen by around 12%, reaching approximately $45.07 billion. Bitcoin’s market capitalization remains robust at $2.22 trillion.
Meanwhile, Ethereum is trading at $3,932.12, up 0.32% compared to the previous day. Its 24-hour trading volume dipped by about 8.13%, totaling $32.49 billion on Saturday. Ethereum’s market cap stands at around $474.43 billion.
Overall, Bitcoin ETFs showed strong inflows, buoyed by key funds, while Ethereum ETFs faced notable outflows amidst slightly declining market activity.
https://coinpedia.org/news/crypto-etf-news-bitcoin-gains-90-6m-while-ethereum-loses-93-6m/