Bitcoin ETFs Lose $366 Million While Ethereum ETFs Shed $232 Million in Major Market Outflow

• Bitcoin ETFs recorded $366.59 million in daily outflows, led by BlackRock’s $268.61 million withdrawal.
• Ethereum ETFs faced $232.28 million in daily outflows, with BlackRock’s ETHA accounting for the largest share.
• Despite daily losses, both Bitcoin and Ethereum ETFs maintained strong cumulative inflows.

According to a recent SoSoValue update on ETFs, the available market data shows a daily total net outflow of $366.59 million across Bitcoin ETFs as of October 17. Despite the negative flow, the cumulative total net inflow remains strong at $61.54 billion. Total assets under management reached $143.93 billion, representing 6.75% of Bitcoin’s market capitalization.

BackRock IBIT ETF Bleeds $268, Taking the Lead

BlackRock’s iShares Bitcoin Trust (IBIT) recorded the highest single-day outflow at $268.61 million, while its cumulative inflow stood at $64.98 billion. Fidelity’s FBTC followed with a $67.37 million outflow, maintaining $12.54 billion in cumulative inflows. Grayscale’s GBTC registered $25.04 million in outflows, holding $18.45 billion in total assets.

ARK Invest and 21Shares’ ARKB reported no daily inflows, with cumulative net inflows of $2.06 billion and total assets of $4.53 billion. Bitwise’s BITB maintained $2.35 billion in cumulative inflows, while Valkyrie’s BRRR posted a smaller daily outflow of $5.57 million.

Market prices across the ETFs fell between 1.54% and 1.71%, reflecting a broader decline in Bitcoin’s trading day. Total value traded reached $8.20 billion, with IBIT leading at $5.66 billion in daily trading volume. Overall, the sector recorded synchronized outflows despite maintaining large cumulative inflows and growing long-term institutional exposure.

What About Ethereum ETFs?

Focusing on the Ethereum side, another update by SoSoValue reveals that Ethereum exchange-traded funds (ETFs) recorded a combined daily net outflow of $232.28 million on October 17. Despite this withdrawal, the cumulative total net inflow remained positive at $14.60 billion, while the total net assets stood at $25.98 billion, representing 5.58% of Ethereum’s market capitalization. The total value traded across funds reached $2.49 billion for the day.

BlackRock’s NASDAQ-listed ETHA led with a $146.06 million outflow, bringing its cumulative inflow to $14.24 billion and total assets to $15.39 billion. Grayscale’s ETHE on NYSE reported a $26.13 million daily outflow, reducing its cumulative inflow to negative $4.68 billion. Fidelity’s FETH experienced a $30.61 million outflow, while Grayscale’s ETH on NYSE recorded a $4.69 million withdrawal.

Bitwise’s ETHW and VanEck’s ETHV posted daily outflows of $20.59 million and $4.21 million, respectively. Smaller ETFs such as Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH saw no significant inflow or outflow activity.

Across all funds, Ethereum ETF market prices decreased between 0.93% and 1.06%. ETHA recorded the highest trading volume at 58.54 million, while Invesco’s QETH traded 72,046 shares, marking lower investor engagement compared to leading ETFs.