Markets· ★★★★· bearish·

US spot bitcoin and ether ETFs see $746M in daily outflows, led by BlackRock

  • —Bitcoin ETFs snapped a three-day inflow streak; the $635.5M outflow topped the $577.9M added Oct. 19-21
  • —IBIT lost $254M, FBTC $217.5M and ARKB $109.4M
  • —Ether ETF net assets dropped to $145.7 billion from $153.6 billion
  • —IBIT fell 3.72% and ETHA 4.52% on the day
Why it matters: The return to outflows after three days of inflows points to renewed risk-off sentiment and weighs on BTC and ETH prices.
#BTC#ETH
Source: Blockmedia
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