On October 8, 2024, the Bitcoin ETF recorded total net outflows of $18.6 million. Fidelity's FBTC ETF led the decline with outflows of $48.8 million, while Grayscale's GBTC ETF had smaller outflows of $9.4 million. BlackRock's IBIT ETF had the only notable inflow, adding $39.6 million. Other major ETFs reported no notable activity, including Ark, Bitwise, Invesco, Franklin, Valkyrie, VanEck, and WisdomTree.
By October 9, the outflows had continued, with total net losses totaling $30.6 million. Ark's ARKB ETF led the day's outflows, with a loss of $44.5 million, while BlackRock's IBIT ETF posted modest inflows of $13.9 million. It was a quiet day for the broader Bitcoin ETF market as a whole, with no inflows or outflows reported for Fidelity's FBTC or any other major ETF.
| ETF provider | ibit | FBTC | BITB | ARKB | BTCO | EZBC | BRRR | Hodor | BTCW | GBTC | BTC | Total (Bitcoin) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bitcoin ETF (October 8, 2024) | 39.6 | (48.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (9.4) | 0.0 | (18.6) |
| Bitcoin ETF (October 9, 2024) | 13.9 | 0.0 | – | (44.5) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (30.6) |
Ethereum ETFs saw a total outflow of $8.1 million on October 8, mainly due to Fidelity's FETH ETF recording an outflow of $3.6 million and Bitwise's ETHW ETF posting a loss of $4.5 million. Towed. Other Ethereum ETFs such as BlackRock, 21Shares, VanEck, Invesco, Franklin, and Grayscale reported no inflows or outflows.
On October 9, Ethereum ETFs continued to fluctuate with no activity reported across all funds, indicating a pause in investor activity in Ethereum-backed products following outflows the previous day. .
| ETF provider | Ether | fete | ETHW | Set | ETHV | Kes | ezette | Ete | Ethereum | Total (Ethereum) |
|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum ETF (October 8, 2024) | 0.0 | (3.6) | (4.5) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (8.1) |
| Ethereum ETF (October 9, 2024) | 0.0 | 0.0 | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Continued outflows into Bitcoin ETFs over the past two days, particularly from Ark and Fidelity, reflect continued investor caution. BlackRock's IBIT ETF is one of the few funds that still attracts consistent inflows. On the other hand, Ethereum ETF activity was limited, with a small outflow seen on October 8th, but no significant movement on October 9th. This move suggests a broader market consolidation will occur as investors reassess their positions in both Bitcoin and Ethereum assets.
