As of November 1, U.S. Bitcoin spot exchange-traded funds (ETFs) have experienced a daily outflow of $54.94 million, with Ethereum also seeing a decline of $10.93 million. Recent statistics from SoSoValue reveal that Bitcoin (BTC) spot ETFs recorded this significant outflow on the same date. Notably, the one-day net inflow for IBIT was zero, while its cumulative net inflow reached $26.14 billion.
Conversely, GBTC experienced an outflow of $5.51 million, resulting in a cumulative net inflow of -$20.16 billion. Other ETFs such as FBTC, ARKB, and BITB reported net outflows of $25.64 million, $24.13 million, and $5.64 million, respectively.
Data from SoSoValue indicates that the Grayscale Bitcoin Mini Trust was the sole ETF to achieve an inflow, garnering $13.51 million, which elevated its cumulative net inflow to $502.07 million. Overall, the majority of Bitcoin ETFs reported outflows rather than inflows, leading to a total cumulative net inflow of approximately $24.15 billion as of November 1.
In the realm of Ethereum (ETH) ETFs, a negative outflow of $10.93 million was recorded, with the cumulative total standing at -$491.44 million according to SoSoValue metrics. ETHE was the only Ethereum ETF to report an outflow of $11.43 million, which brought its cumulative net inflow to -$3.13 billion. Other Ethereum ETFs, including ETHA, ETH, FETH, ETHW, ETHV, and EZET, reported no inflows or outflows, remaining at $0. In contrast, QETH saw a modest inflow exceeding $502,000, lifting its cumulative net inflow to $25.82 million.
This lack of inflow occurs amid a broader downturn in the cryptocurrency market, which has seen its total market capitalization decline to $2.32 trillion. At the time of reporting, Bitcoin’s price hovered around $69,400, while Ethereum’s value had dipped to $2,490.