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After seven days of strong inflows, the tide turned on October 22 with the first outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). During this period, over $2.6 billion in inflows were recorded. However, Ark and 21Shares’ ARKB fund saw significant outflows, resulting in a total net outflow of $79 million. 
<h2 id="inflows-turn-into-outflows-after-seven-days">Inflows Turn into Outflows After Seven Days</h2> 
According to SoSoValue data, U.S. spot Bitcoin ETFs experienced a total net outflow of $79.09 million on October 22. All the outflows came from Ark and 21Shares’ ARKB fund. In contrast, BlackRock’s IBIT fund saw a net inflow of $42.98 million, Fidelity’s FBTC fund recorded $8.85 million in net inflows, and VanEck’s HODL fund saw a $3.82 million inflow. The other eight funds reported zero flows for the day. 
As a result, the total net inflows for the 12 spot ETFs decreased to $21.15 billion. Daily trading volume also fell, dropping from $1.76 billion the previous day to $1.4 billion. 
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These outflows came just after a seven-day period of strong inflows, during which U.S. spot Bitcoin ETFs accumulated $2.67 billion in total. BlackRock’s IBIT fund alone accounted for $1.5 billion of these inflows during this time. 
On the same day, Bitcoin’s price experienced a slight dip, trading at $67,132 after falling by 0.38% from a high of $69,400. While investor interest remains high, the outflows on October 22 sparked some uncertainty in the market. 
<h2 id="spot-ethereum-etfs-also-see-some-activity">Spot Ethereum ETFs Also See Some Activity</h2> 
Alongside the Bitcoin ETFs, spot Ethereum ETFs showed some movement as well. On October 22, there was a total net inflow of $11.94 million, all of which came from BlackRock’s ETHA fund. The other eight Ethereum ETFs reported net zero inflows. 
The total trading volume for Ethereum ETFs was $118.4 million, a drop from the previous day’s $163.18 million. At the time of writing, ETH was down 0.99%, trading at $2,611. Since their launch, spot Ethereum ETFs have seen a total net outflow of $488.85 million.

Inflows Turn to Outflows! The 7-Day Streak for Spot Bitcoin ETFs is Broken!

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