🤑 Crypto’s Grand Ball: Bitcoin ETFs Flee, Ethereum ETFs Waltz In! 💃🕺

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On the fifteenth of October, a most tumultuous day in the annals of financial society, the US spot ETFs-Bitcoin and Ethereum-suffered a most unseemly decline. Bitcoin ETFs, once the pride of the ball, endured a net outflow of a staggering $94.00 million, while their cousin, Ethereum ETFs, modestly gained $5.32 million, as reported by the ever-observant SoSoValue. 🧐

The Bitcoin ETF Fiasco

Alas, the Bitcoin ETFs were quite the wallflowers at this gathering, experiencing an outflow of $94.00 million-a sum that would make even the most frugal spinster blush. Only two of these funds engaged in the most unbecoming sell-offs: Grayscale GBTC, with withdrawals of $82.90 million, and Invesco BTCO, with a mere $11.10 million. Not a single gain was to be had, and their total trading value sank to $4.55 billion, with net assets of $152.66 billion-a mere 6.82% of the Bitcoin market cap. How very unbecoming! 😱

The Ethereum ETF Waltz

Ethereum ETFs, however, managed to keep their composure, recording a combined inflow of $5.32 million. Bitwise ETHW and Fidelity FETH led the dance, adding $12.31 million and $9.996 million, respectively. Yet, 21Shares TETH stumbled, reporting an outflow of $7.98 million. Their total trading value plummeted to $2.14 billion, with net assets of $27.69 billion-a modest 5.66% of the Ethereum market cap. A mixed performance, indeed, but at least they did not trip over their own feet entirely. 💃

The Market’s Melancholy Mood

Bitcoin, once the darling of the financial world, now trades at $111,584, down 8.2% from last week. Its market cap stands at $2.22 trillion, with a daily trading volume of $69.47 billion-a most lackluster showing. Ethereum, too, has seen better days, resting at $4,015, with a 24-hour trading volume of $47.22 billion and a market cap of $483.33 billion. Both have taken a turn for the worse, much like a poorly executed quadrille. 🕺

The crypto market, it seems, has been quite the drama since the October 10 selloff. Concerns over the US-China trade war and tariffs have cast a shadow over the proceedings, while geopolitical tensions, overleveraging, and large liquidations have added to the general air of despair. One can only hope for a more cheerful turn of events, lest we all be forced to retire to the drawing room in disgrace. 😢

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2025-10-16 09:52