COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Recent Withdrawals Affect Bitcoin ETF Performance
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Cryptocurrency News > Recent Withdrawals Affect Bitcoin ETF Performance
Cryptocurrency News

Recent Withdrawals Affect Bitcoin ETF Performance

In Brief

  • Spot Bitcoin ETFs experienced significant outflows after a week of inflows.

  • BlackRock's funds attracted notable net inflows during this period.

  • Spot Ethereum ETFs showed limited activity but recorded some net inflows.

İlayda Peker
İlayda Peker 7 months ago
Share
SHARE

After a week of strong inflows, the United States experienced significant outflows from spot Bitcoin $103,670 exchange-traded funds (ETFs) on October 22. During this period, total inflows exceeded $2.6 billion. However, the ARKB fund managed by Ark and 21Shares witnessed a notable outflow of $79 million on October 22.

Contents
Withdrawals Follow a Successful WeekEthereum ETFs Reflect Limited Yet Positive Activity

Withdrawals Follow a Successful Week

According to SoSoValue data, total net outflows from the spot Bitcoin ETFs in the U.S. reached $79.09 million on October 22. All of these outflows came from the ARKB fund. In contrast, BlackRock’s IBIT fund saw a net inflow of $42.98 million, while Fidelity’s FBTC fund recorded an inflow of $8.85 million. VanEck’s HODL fund also experienced an inflow of $3.82 million. The other eight funds reported zero flow throughout the day.

The $79 million net outflow on October 22 reduced the total net inflows of 12 spot ETFs to $21.15 billion. Daily trading volume also declined to $1.4 billion, down from the previous day’s $1.76 billion.

Ethereum ETFs Reflect Limited Yet Positive Activity

In addition to spot Bitcoin ETFs, there was also activity in spot Ethereum $2,641 ETFs. On October 22, spot Ethereum ETFs saw a total net inflow of $11.94 million, all attributed to BlackRock’s ETHA fund. The other eight ETFs reported zero net inflow.

Spot Ethereum ETFs experienced a total trading volume of $118.4 million, showing a decrease compared to the previous day’s $163.18 million. The price of ETH, as of writing, was trading at $2,611, reflecting a decline of 0.99%. Since their launch, spot Ethereum ETFs have recorded total net outflows of $488.85 million.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Andrew Peel Ignites New Crypto Venture in Switzerland

Thailand Takes Bold Step with $150 Million G-Token Initiative

Exciting Surge As Major Companies Snap Up Bitcoin

Crypto Markets Surge as Global Economic Tensions Decrease

Fed Eases Crypto Markets with Strategic Moves

İlayda Peker 23 October, 2024 - 10:19 am 23 October, 2024 - 10:19 am
Share This Article
Facebook Twitter
Share
İlayda Peker
By İlayda Peker
Follow:
Uluslararası İlişkiler ve Siyaset Bilimi Mezunu, Kitap sever.
Previous Article Ripple Takes Significant Action in SEC Legal Battle
Next Article Binance Announces Delisting of Four Altcoins on November 6, 2024
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Robinhood Triumphs with a Bold Canada Debut by Acquiring WonderFi
Cryptocurrency Exchanges
Investors Dump TRUMP Tokens as Event Invitations Are Finalized
Altcoin News
Andrew Peel Ignites New Crypto Venture in Switzerland
Cryptocurrency News
Companies Supercharge Bitcoin Purchases in a Landmark Year
Bitcoin (BTC)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?