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Bitcoin and Ethereum ETFs bled collectively yesterday? What's going on with this wave?
Latest data shows that on October 30, there was a significant outflow of funds in the encryption ETF market. Specifically, looking at:
The situation with the BTC ETF is the most serious
The Bitcoin spot ETF saw a net outflow of $488 million on the same day, with all 12 mainstream products experiencing redemptions. Among them, BlackRock's IBIT alone accounted for an outflow of $291 million, approximately 60% of the total outflow.
In terms of cumulative scale, the total net inflow of the BTC ETF has fallen from its peak to 61.38 billion USD, and the total assets under management have also shrunk to 143.94 billion USD.
ETH suffers as well
Ethereum ETF also didn't escape, with an outflow of 81.44 million USD, and the total net inflow has shrunk to 14.65 billion USD. It seems that institutions are synchronously reducing their positions.
An interesting comparison
However, Solana is attracting investment against the trend, with $37.33 million flowing into the Solana spot ETF on the same day. This means that some funds are quietly switching tracks.
What do you think of this operation?
This usually indicates that market sentiment is turning cautious, or that large institutions are adjusting their positions. The key moving forward is to see if BTC can hold the 84000 level—if it breaks again, there may be a new wave of redemptions.