On a fateful October 22, the US spot crypto ETFs, those glittering baubles of financial fancy, experienced a sudden reversal, akin to a butterfly losing its wings mid-flight. SoSoValue, that arbiter of market whims, reported Bitcoin ETFs shedding $101.29 million, while Ethereum, ever the tragic hero, lost $18.77 million. 💸
Bitcoin ETF Breakdown 🧠
Bitcoin ETFs, those gilded coffers, witnessed a total outflow of $101.29 million, with four ETFs performing dramatic exits. Grayscale GBTC, Fidelity FBTC, and Ark & 21Shares, those titans of capital, withdrew $56.63 million, $56.56 million, and $53.87 million respectively. 🏛️
Bitwise BITB, the underdog of the day, limped away with $9.99 million in outflows. Meanwhile, BlackRock IBIT and Valkyrie BRRR, those shrewd investors, added $73.63 million and $2.14 million in inflows, as if dancing on the edge of a precipice. 🕺
The total trading value, once a vibrant symphony, now plummets to $6.58 billion, with net assets hovering at $146.27 billion. This, dear reader, constitutes 6.81% of Bitcoin’s market capitalization-a mere drop in the ocean of speculative dreams. 🌊
Ethereum ETF Breakdown 🐢
Ethereum ETFs, that beleaguered soul, saw a total net outflow of $18.77 million, with Fidelity FETH leading the charge at $49.46 million. Grayscale ETH and Grayscale ETHE, those stoic guardians, reported withdrawals of $46.57 million and $33.46 million, respectively. 🧊
BlackRock ETHA, ever the contrarian, added gains, reporting $110.71 million in inflows. Its total trading volume, once a roaring river, now trickles to $2.63 billion, with net assets of $25.81 billion. This represents 5.66% of Ethereum’s market cap-a testament to the fickle nature of fortune. 🌀
Market Context 🌍
Bitcoin, that elusive phantom, now trades at $108,630.76, a flicker of stability in a world of chaos. Its daily trading volume, a bustling marketplace, stands at $74.61 billion, with a market cap of $2.16 trillion. 🧱
Ethereum, that weary traveler, is priced at $3,832.38, a 0.89% drop from yesterday’s grandeur. Its 24-hour trading volume, once a lively festival, now dips by 15%, reaching $43.07 billion on Thursday. ETH’s market cap, a modest $462.3 billion, whispers of uncertain futures. 🧘♂️
The crypto market, that tempestuous sea, is down today. Both crypto assets, like wayward children, struggle to recover from the aftershocks of geopolitical tensions. 🌪️
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2025-10-23 08:39