After seven days of strong entries, it hit the US market on October 22nd. spot Bitcoin 
$66,895 exchange traded fundsThere was an exit from (ETFs). During this period, a total inflow of more than 2.6 billion dollars was recorded. However, on October 22, Ark and 21Shares’ ARKB fund experienced a significant outflow, with the total net outflow recorded as $79 million.
After Seven Days, Entrances Gave Their Place to Exits
SoSoValue According to data, there was a total net outflow of $ 79.09 million from spot Bitcoin ETFs in the USA on October 22. All output, Arc And 21SharesIt came from the ARKB fund of . However BlackRock$42.98 million to ‘s IBIT fund, FidelityThere was a net inflow of 8.85 million dollars to the FBTC fund of . VanEck‘s HODL fund also saw inflows of $3.82 million. Eight other funds reported zero flows for the day.
The net outflow of $79 million recorded on October 22 was recorded in a total of 12 spot ETFIt reduced net inflows to 21.15 billion dollars. Daily trading volume also decreased to $1.4 billion compared to $1.76 billion the previous day.
These outflows come on the heels of a seven-day streak of spot Bitcoin ETFs in the US that resulted in total inflows of $2.67 billion. BlackRock’s IBIT fund saw inflows of approximately $1.5 billion during this seven-day period.
BitcoinThe price of is trading at 67 thousand 132 dollars with a 0.38 percent decrease from 69 thousand 400 dollars with a slight decrease on October 22. Although investors’ interest was high, the outflows on October 22 created some uneasiness in the market.
Spot Ethereum ETFs Seen Limited Inflows
As well as spot Bitcoin ETFs spot Ethereum 
$2,622 ETFThere is also mobility in . Spot Ethereum ETFs saw total net inflows of $11.94 million on October 22, with all of that inflow coming from BlackRock’s ETHA fund. other eight ETF reported net zero inflow.
Spot Ethereum Its ETFs saw total trading volume of $118.4 million, which was down from the previous day’s trading volume of $163.18 million. ETHAt the time of writing, the price of is trading at $2,611, with a decrease of 0.99 percent. There has been a total net outflow of $488.85 million into Spot Ethereum ETFs since their launch.
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 carry out their transactions in line with their own research.
