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U.S. Bitcoin exchange-traded funds recorded $101.3 million in net outflows on Wednesday, erasing most of the previous day’s $477 million inflow and signaling renewed caution among crypto investors.
The latest data shows that after a brief inflow recovery the Crypto ETFs outflow pattern has resurfaced highlighting investor hesitation and overall market weakness.
Investor caution has returned to digital asset markets as ETFs outflow dynamics shift back to the negative side. Bitcoin and Ethereum exchange traded funds (ETFs) saw renewed Crypto ETFs outflow pressure after a short lived recovery underscoring fragile sentiment across the crypto sector.
Bitcoin ETFs posted net Crypto ETFs outflow of $101.3 million on October 22, reversing the $477 million inflow seen the day before. Total trading volume across the funds slipped to $6.58 billion down from over $7.4 billion a day earlier signaling weaker activity as investors reduced exposure according to data from SoSoValue.
BlackRock’s IBIT managed $73.6 million in inflows but this was outweighed by withdrawals from Fidelity’s FBTC and Grayscale’s GBTC which each saw roughly $56 million in redemptions. Other issuers including Ark 21Shares (ARKB) and Bitwise (BITB) also recorded Crypto ETFs outflow reinforcing the broader wave of investor caution.
The renewed Crypto ETFs outflow shift extends a week long stretch of underperformance for BTC tracking funds which have struggled to maintain positive momentum. While ETFs briefly rebounded on October 21, the quick reversal highlights shallow demand as Bitcoin’s price momentum weakens.
Ethereum ETFs mirrored the trend, turning negative with $18.8 million in Crypto ETFs outflow after a $141.7 million inflow the previous day. BlackRock’s ETHA was the only fund to post gains adding $110.7 million while Grayscale’s ETHE and ETH funds led losses with a combined $80 million in withdrawals.
Hong Kong’s plan to launch crypto ETF trading in November has yet to offset the broader Crypto ETFs outflow inflow downturn across U.S. markets. The return of Ethereum ETF losses after a brief rebound reflects renewed market pressure and fading investor optimism. Together, the redemptions across both Bitcoin and Ethereum funds point to a deepening Crypto ETFs outflow trend amid declining market confidence.
Bitcoin is trading around $109,783 at the time of writing, up 1.5% over the past 24 hours but still down 2.4% for the week. The modest rebound follows several days of selling that drove prices below $108,000 earlier this week. Despite this short term recovery the leading cryptocurrency remains trapped in a tight range as the Crypto ETFs outflow inflow balance continues to weigh on sentiment.
Bitcoin’s chart shows a pattern of lower highs since early October indicating persistent selling pressure following its mid month decline. Unless Bitcoin decisively breaks above the $112,000 resistance Crypto ETFs outflow trends are likely to continue reflecting investor hesitation.
Ethereum mirrors this movement trading near $3,869 up just 0.2% in 24 hours but down 4.4% over the week. Multiple attempts to recover above $3,900 have failed amid light trading volumes and ongoing Crypto ETFs outflow pressure.
Both assets have struggled to regain traction after steep declines earlier in the month, with total crypto market capitalization now hovering below recent highs. The combined effect of sustained Crypto ETFs outflow, waning inflows and limited liquidity has kept rallies short lived and volatility high.
