Spot Bitcoin and Ethereum ETFs shed $152 million as BlackRock funds lead redemptions
U.S. spot crypto exchange-traded funds posted widespread net outflows on October 16, led by $71.78 million in redemptions from BlackRock's IBIT and $69.68 million from its ETHA fund.
U.S. spot crypto exchange-traded funds experienced significant capital withdrawals on October 16, according to SoSoValue data reported by outlets including Wu Blockchain and Crypto Banter. Spot Bitcoin ETFs recorded total net outflows of $82.39 million, while spot Ethereum ETFs dropped $69.68 million in the same session.[4][5][2]
BlackRock funds drove the bulk of the session's losses. BlackRock's iShares Bitcoin Trust (IBIT) accounted for $71.78 million of the Bitcoin ETF outflows, prompting reports from Crypto Briefing and tracking accounts that the asset manager offloaded $71.78 million in Bitcoin amid mounting redemptions. On the Ethereum side, BlackRock's ETHA accounted for all $69.68 million in outflows, marking the third consecutive day of net redemptions for spot Ethereum funds.[4][6][3][7]
The outflow trend extended across other major cryptocurrencies as well. Cointelegraph reported net outflows across all four major tracked assets on October 16, noting that Solana spot ETFs shed $12.67 million while XRP funds lost $2.47 million. SoSoValue tracking metrics highlighted by Wu Blockchain showed total Bitcoin ETF net assets at $104.29 billion with Bitcoin trading at $81,589.86, while Crypto Briefing noted that the outflows indicate cautious investor sentiment and potential broader market risk aversion.[1][4][2]
Key facts
- Spot Bitcoin ETFs recorded $82.39 million in net outflows on October 16, according to SoSoValue data.
- BlackRock's IBIT led Bitcoin ETF redemptions with $71.78 million in net outflows.
- Spot Ethereum ETFs logged $69.68 million in net outflows on October 16, marking their third consecutive day of outflows.
- BlackRock's ETHA accounted for all $69.68 million of the day's Ethereum ETF net outflows.
- Solana and XRP spot ETFs recorded net outflows of $12.67 million and $2.47 million, respectively, on October 16.
- SoSoValue data showed total net assets of $104.29 billion across spot Bitcoin ETFs alongside a BTC price of $81,589.86.
Sources · 6 sources
- CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 ETF FLOWS: Spot crypto ETFs recorded net outflows across all four major assets on October 16th. BTC: -$82.39M ETH: -$69.68M XRP: -$2.47M SOL: -$12.67M https://t.co/Ob6GXTc64l
Open source - CB
Crypto BriefingArticle ·
Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million The significant outflows from Bitcoin and Ethereum ETFs indicate a cautious investor sentiment, potentially signaling a broader market risk aversion. The post Bitcoin ETFs post $82.39 million in net outflows as Ethereum funds shed $69.68 million appeared first on Crypto Briefing .
Open source - WI
Whale Insider@WhaleInsiderPost on X ·
JUST IN: BlackRock sells $71.78 million worth of $BTC. https://t.co/8eYgMQ7XCo
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
Spot Bitcoin ETFs Recorded $82.39 Million in Net Outflows, While Spot Ethereum ETFs Saw $69.68 Million in Net Outflows on October 16 (ET) On October 16 (ET), spot Bitcoin ETFs recorded total net outflows of $82.39 million, led by BlackRock's IBIT with $71.78 million in net outflows. Spot Ethereum ETFs recorded total net outflows of $69.68 million, marking their third consecutive day of net outflows, with all of the day's net outflows coming from BlackRock's ETHA.
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN AND ETHEREUM ETFS CONTINUE TO BLEED! U.S. spot Bitcoin ETFs recorded $82.39 million in net outflows on October 16 per SoSoValue data. Ethereum ETFs shed $69.68 million the same day. Both major products saw money leave in the session, extending the pressure on institutional flows in October.
Open source - CB
Crypto BriefingArticle ·
BlackRock sells $71.78 million in Bitcoin as ETF redemptions pile up Institutional sentiment shifts, impacting Bitcoin's market dynamics and highlighting the influence of ETF flows on cryptocurrency valuations. The post BlackRock sells $71.78 million in Bitcoin as ETF redemptions pile up appeared first on Crypto Briefing .
Open source - TM
That Martini Guy ₿@MartiniGuyYTPost on X ·
BlackRock has sold $71.78 MILLION worth of $BTC. Institutional flows are worth watching closely as Bitcoin navigates market uncertainty. Is this just profit-taking, or are we seeing a shift in institutional sentiment? https://t.co/YsBNx3anSk
Open source