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Bitcoin ETFs reversed course on October 22, with $101.29 million in net outflows following the previous day’s strong $477.19 million inflow.
BlackRock’s IBIT provided the sole major positive contribution with $73.63 million. Fidelity’s FBTC led outflows with $56.56 million while Grayscale’s GBTC and ARKB posted similar redemptions.
Bitcoin ETFs Post $101.29M Outflows After Record Inflow Day
Bitcoin ETFs recorded $101.29 million in net outflows on October 22, reversing the previous session’s $477.19 million inflow momentum.
The swing is over $578 million in sentiment change within 24 hours. The outflow session followed multiple days of strong accumulation, including October 21’s record daily inflows and October 14’s $102.58 million positive flows.
Total Bitcoin ETF assets under management fell to $146.27 billion from $151.58 billion on October 21. The $5.31 billion decline shows both outflows and price depreciation during the session.
Daily trading volume reached $6.58 billion, down from $7.41 billion during the previous high-activity session.
Cumulative Bitcoin ETF inflows also dropped to $61.87 billion from $61.98 billion.
Historical data shows October 22 marked the second outflow session in three days following volatile period.
October 20 posted $40.47 million in redemptions while October 21 saw the massive $477.19 million recovery.
Weekly Bitcoin ETF data through October 22 shows $335.43 million in net inflows and maintained positive territory for the week. The weekly figure contrasts with the previous week ending October 17, which posted $1.23 billion in outflows.
BlackRock’s IBIT Provides Sole Major Inflow with $73.63M
BlackRock’s IBIT contributed $73.63 million in net inflows. The product stood as the only major Bitcoin ETF with substantial positive flows during the session.
IBIT maintains $65.17 billion in cumulative inflows. Without IBIT’s contribution, aggregate redemptions would have reached $174.92 million.
Valkyrie’s BRRR provided the only other positive flow at $2.14 million. Multiple smaller Bitcoin ETFs including Grayscale’s BTC, VanEck’s HODL, Invesco’s BTCO, Franklin’s EZBC, and WisdomTree’s BTCW reported zero net flows.
Hashdex’s DEFI recorded minimal positive flows, suggesting limited institutional interest in the smaller product.
Fidelity, Grayscale Lead Bitcoin ETF Outflows Totaling $177M
Fidelity’s FBTC led Bitcoin ETF redemptions with $56.56 million in outflows, representing 523.13 Bitcoin sold. FBTC maintains $12.53 billion in cumulative inflows despite the single-day outflow.
Grayscale’s GBTC posted $56.63 million in outflows with 523.75 Bitcoin redeemed.
ARK 21Shares’ ARKB contributed $53.87 million in redemptions representing 498.22 Bitcoin sold. The fund maintains $2.17 billion in cumulative inflows despite periodic volatility in daily flows.
Bitwise’s BITB added $9.99 million in outflows with 92.41 Bitcoin redeemed. The mid-tier product experienced modest redemption pressure during the weak session.
Ethereum ETFs Record $18.77M Outflows with ETHA Exception
Ethereum ETF products posted $18.77 million in net outflows on October 22 following the previous day’s $141.66 million inflow session.
BlackRock’s ETHA provided the sole positive contribution with $110.71 million. Without ETHA, category outflows would have totaled $129.48 million.
Fidelity’s FETH-led Ethereum ETF experienced redemptions with $49.46 million in outflows, representing the sale of 12,970 ETH. Grayscale’s mini-trust ETH posted $46.57 million in redemptions, with 12,210 ETH redeemed. Grayscale’s legacy ETHE contributed $33.46 million in outflow,s representing 8,770 ETH sold.
Total Ethereum ETF assets under management decreased to $25.81 billion from $27.17 billion as of October 21.
The $1.36 billion decrease shows the combined impact of outflows and price weakness during the session. Daily trading volume reached $2.63 billion, down from $3.17 billion during previous session.
Cumulative Ethereum ETF inflows dropped to $14.57 billion from $14.59 billion. Multiple products, including Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, and 21Shares’ TETH, reported zero net flows.
