Bitcoin and Ethereum ETFs are currently experiencing a hemorrhage of funds, as if the market has developed a severe case of the “I’m not interested” syndrome. 🤷♂️📉
Summary
- The Bitcoin and Ethereum ETFs have been on a relentless outflow spree, with combined redemptions exceeding $670 million. It’s like the market is trying to escape a particularly unappealing party. 🎉💸
- Meanwhile, mid-cap crypto ETFs for Solana, HBAR, and Litecoin are enjoying a surge of interest, as if they’ve finally found their place in the crypto cosmos. 🌌✨
- This divergence suggests that investors are now more interested in spreading their bets than chasing the usual suspects. A wise move, or just a sign that the big names are losing their luster? 🤔📊
Bitcoin and Ethereum ETFs have extended their losing streak for a second day, with the market looking increasingly like a confused squirrel trying to find its way out of a maze. Bitcoin is now below $110,000, and Ethereum has dipped below $4,000, which is like a giant leap into the unknown. 🧠🪨
On October 30, Bitcoin ETFs saw a net outflow of $488 million, with almost every issuer experiencing a mass exodus of funds, except for a few who remained as calm as a monk in a hurricane. 🧘♂️🌀
BlackRock’s IBIT and Ark & 21Shares’ ARKB took the biggest hits, with outflows of $290 million and $65 million respectively. It’s like watching a magician lose their trick. 🎩🐇
Ethereum ETFs followed suit, with $184 million in outflows. Only Grayscale’s ETHE remained as unshaken as a rock in a storm. 🌊🪨
The total weekly flows for both assets turned negative, wiping out any previous optimism and showing that the market is still struggling to find its footing. 🧗♂️💨
Solana, HBAR, and Litecoin ETFs Defy Negative Trend
Still, while Bitcoin and Ethereum ETFs are in a tailspin, other ETFs are thriving. It’s like the crypto world is a circus, and the big names are the clowns. 🎪🤡
Bitwise launched the first Solana ETF on the NYSE, and it’s been a hit, pulling in $36 million daily. It’s like the Solana community found a new toy and won’t let go. 🧸💰
HBAR’s ETF made a splash on Nasdaq, with $30 million in inflows. It’s like the HBAR crowd found their favorite snack at a party. 🍿💸
Litecoin joined the party with an ETF debut on Nasdaq, wrapping up a week of new altcoin products. It’s like the crypto world is throwing a birthday party and everyone’s invited. 🎉🎂
Despite the volatile market, these ETFs have attracted capital, showing that investors are diversifying their bets. It’s a sign that the crypto world is learning to share, or maybe just looking for a safer bet. 🤝📉
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2025-10-31 12:38