Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/recent-withdrawals-affect-bitcoin-etf-performance/" data-wpel-link="internal">Recent Withdrawals Affect Bitcoin ETF Performance</a><br></p>
<p>After a week of strong inflows, the United States experienced significant outflows from spot Bitcoin exchange-traded funds (ETFs) on October 22. During this period, total inflows exceeded $2.6 billion. However, the ARKB fund managed by Ark and 21Shares witnessed a notable outflow of $79 million on October 22.</p> 
<h2 id="withdrawals-follow-a-successful-week">Withdrawals Follow a Successful Week</h2> 
<p>According to SoSoValue data, total net outflows from the spot Bitcoin ETFs in the U.S. reached $79.09 million on October 22. All of these outflows came from the ARKB fund. In contrast, BlackRock’s IBIT fund saw a net inflow of $42.98 million, while Fidelity’s FBTC fund recorded an inflow of $8.85 million. VanEck’s HODL fund also experienced an inflow of $3.82 million. The other eight funds reported zero flow throughout the day.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-399699" src="https://coin-turk.com/wp-content/uploads/2024/10/Spot-Bitcoin-ETF-7-scaled.jpg" alt="" width="2560" height="1006"></p> 
<p>The $79 million net outflow on October 22 reduced the total net inflows of 12 spot ETFs to $21.15 billion. Daily trading volume also declined to $1.4 billion, down from the previous day’s $1.76 billion.</p> 
<h2 id="ethereum-etfs-reflect-limited-yet-positive-activity">Ethereum ETFs Reflect Limited Yet Positive Activity</h2> 
<p>In addition to spot Bitcoin ETFs, there was also activity in spot Ethereum ETFs. On October 22, spot Ethereum ETFs saw a total net inflow of $11.94 million, all attributed to BlackRock’s ETHA fund. The other eight ETFs reported zero net inflow.</p> 
<p>Spot Ethereum ETFs experienced a total trading volume of $118.4 million, showing a decrease compared to the previous day’s $163.18 million. The price of ETH, as of writing, was trading at $2,611, reflecting a decline of 0.99%. Since their launch, spot Ethereum ETFs have recorded total net outflows of $488.85 million.</p> 
<p>The post <a href="https://en.coin-turk.com/recent-withdrawals-affect-bitcoin-etf-performance/" data-wpel-link="internal">Recent Withdrawals Affect Bitcoin ETF Performance</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Recent Withdrawals Affect Bitcoin ETF Performance

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