Spot bitcoin ETFs shed $2.4M, ether ETFs lose $21.1M

US spot bitcoin ETFs ended Oct 29 (Eastern Time) with net outflows of $2.42M, according to SoSoValue data. Spot ether ETFs lost $21.11M. It is the first outflow for bitcoin funds after two straight days of inflows.

Details

Among bitcoin funds, Grayscale's Bitcoin Mini Trust (BTC) saw $15.35M leave. Bitwise's BITB added $8.76M and Morgan Stanley's MSBT $4.16M. SoSoValue showed no daily flows for IBIT, FBTC and other large funds at the time of writing, so we give no breakdown for them and the figures may still be revised.

In ether funds, Grayscale's Ethereum Mini Trust (ETH) lost $5.57M and Grayscale's ETHE shed $15.54M. The other funds reported no flows for the day.

Total net assets stand at about $104.7B for bitcoin ETFs and about $14.2B for ether ETFs, per SoSoValue. Our fund-by-fund table updates on the ETF flows page. A day earlier, on Oct 28, bitcoin funds took in $137M; see our earlier note.

What this means for the market

A near-zero total points to a balanced day, with inflows and outflows at individual funds nearly cancelling out. As of 8:29 PM ET on Oct 29, BTC traded near $77,900 on Binance, down about 4.2% over 24 hours, while ether funds keep shedding assets. For the live price see the daily brief; coin pages: Bitcoin and Ethereum.