Spot bitcoin and ether ETFs see outflows as BlackRock's IBIT sheds $65.4 million
BlackRock's IBIT was the only U.S. spot bitcoin ETF to record flows on Oct. 12, shedding $65.4 million, while spot ether ETFs extended an outflow streak to 10 consecutive days with an $85.4 million withdrawal.
U.S. spot bitcoin exchange-traded funds recorded $65.4 million in net outflows on Monday, Oct. 12, with BlackRock's iShares Bitcoin Trust (IBIT) accounting for the entirety of the day's activity, according to reports from The Block and Crypto Briefing. Data from SoSoValue showed that total net assets across U.S. spot bitcoin ETFs stood at $106.06 billion, with the price of bitcoin at $82,861.80.[5][1][4][6]
Spot ether ETFs also extended their slide, losing roughly $85.4 million to mark a 10th consecutive day of net outflows, according to data from SoSoValue reported by Wu Blockchain and tracker data shared by TylerD. The streak brought total net outflows for ether funds in October to $720 million, though cumulative net inflows remained at $13.1 billion with total net assets of $14.5 billion. In addition, spot Solana ETFs recorded $699,830 in net outflows on the same day, according to Cointelegraph.[2][4][5][7]
The persistent institutional outflows come as Ethereum struggles below the key $2,700 resistance mark amid a wider market pullback, with exchange reserves climbing to a one-month high, CoinGape reported. Amid the price pressure, Ethereum core developers are scheduled to discuss the upcoming Glamsterdam and Hegota upgrades on October 15.[3]
Key facts
- BlackRock's IBIT recorded $65.4 million in net outflows on Oct. 12, accounting for all U.S. spot bitcoin ETF flows that day.
- U.S. spot ether ETFs saw roughly $85.4 million in net outflows on Oct. 12, extending their negative streak to 10 consecutive days.
- Spot ether ETF net outflows reached $720 million for the month of October, while cumulative inflows stood at $13.1 billion with $14.5 billion in total net assets.
- Total net assets across U.S. spot bitcoin ETFs stood at $106.06 billion, alongside a bitcoin price of $82,861.80, according to SoSoValue data.
- Spot Solana ETFs recorded $699,830 in net outflows on Oct. 12, per Cointelegraph.
- Ethereum traded below the $2,700 resistance level as exchange reserves climbed to a one-month high ahead of developer talks on the Glamsterdam and Hegota upgrades on Oct. 15.
Sources · 7 sources
- CB
Crypto BriefingArticle ·
BlackRock’s IBIT accounts for all $65.4 million in Bitcoin ETF outflows on October 12 The isolated outflow from BlackRock's IBIT highlights investor-specific decisions, underscoring the influence of major ETFs on Bitcoin's market dynamics. The post BlackRock’s IBIT accounts for all $65.4 million in Bitcoin ETF outflows on October 12 appeared first on Crypto Briefing .
Open source - T�
TylerD 🧙♂️@Tyler_Did_ItPost on X ·
The ETH ETFs continue their outflow streak with $85M yesterday Now with $720M in net outflows in October https://t.co/b27ZRIyyO7
Open source - CO
CoinGape@CoinGapeMediaPost on X ·
🚨 Ethereum Struggles Below $2,700 as ETF Outflows Continue: What’s Next for ETH? #Ethereum remains below the crucial $2,700 resistance amid a crypto market pullback. Exchange reserves have risen to a one-month high, while #ETH ETFs have recorded 10 consecutive days of outflows. Meanwhile, developers are set to discuss the upcoming #Glamsterdam and #Hegota upgrades on October 15. 🔗Know More in the comments.
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
According to SoSoValue, U.S. Bitcoin spot ETFs logged a total net outflow of $65.40 million on October 12 (EDT), led by BlackRock's IBIT with a net outflow of $65.40 million. Meanwhile, Ethereum spot ETFs recorded a total net outflow of $85.39 million yesterday, extending their net outflow streak to 10 consecutive days.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: BlackRock's IBIT shed $65.4 million on Monday as the sole US spot bitcoin ETF to post flows. Spot ether ETFs saw $85.4 million in net outflows, extending their negative streak to 10 days. bitcoin:native ethereum:native https://t.co/Zzw5yh9bTD
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨SPOT BITCOIN ETFS BLEED $65.40M! U.S. spot bitcoin:native ETFs saw $65.40 million leave on Monday, per SoSoValue data. Spot ethereum:native ETFs lost $85.40 million, their 10th straight day of outflows.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 ETF FLOWS: BTC, ETH and SOL spot ETFs saw net outflows on Oct. 12. BTC: - $65.4M ETH: - $85.4M SOL: - $699.83K https://t.co/z8ckRZRLRG
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