Oh, the Woes of Bitcoin and Ethereum ETFs! 💸💸

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Dear Reader, it is with a most solemn countenance that I must relate the lamentable events of October 30th, when the esteemed U.S. spot ETFs found themselves in a most unseemly two-day streak of sell-offs. Alas, the Bitcoin ETFs recorded a prodigious outflow of $488.43 million, while the Ethereum ETFs suffered a most grievous $184.31 million. Neither fund, I fear, saw a single gain for the day, as per the most reliable data from SoSoValue. 😱

Bitcoin ETFs Breakdown

The Bitcoin ETFs, though valiant, witnessed a combined outflow of $488.43 million. The illustrious BlackRock, ever the paragon of financial prowess, reported the largest withdrawal of $290.88 million. Other funds, such as Ark & 21Shares ARKB, Bitwise BITB, and Grayscale GBTC, exhibited moderate sell-offs, as if they were merely strolling through a garden rather than a financial abyss. 🌸

The smallest ETF outflows were recorded by Grayscale BTC ($8.49 million), Invesco ($7.9 million), and VanEck HODL ($3.78 million). Eight out of twelve funds, alas, posted withdrawals with no inflows, a most disheartening spectacle. 📉

The total trading value plummeted to $5.17 billion, with net assets amounting to $143.94 billion-a mere 6.71% of the Bitcoin market cap. A most pitiful fraction, if I may say so. 💸

Ethereum ETF Breakdown

The Ethereum ETFs, in a most unfortunate turn, recorded a total net outflow of $184.31 million. All eight funds, save for the resolute Grayscale ETHE, posted withdrawals. BlackRock, ever the leader in misfortune, led the session with a staggering $118.00 million outflow, while Invesco QETH, the most modest of the bunch, reported a mere $2.02 million. 🤡

Bitwise ETHW, Fidelity FETH, and Grayscale ETH withdrew $31.14 million, $18.53 million, and $4.52 million, respectively. Other smaller sell-offs were noted by Franklin EZET ($4.23 million) and 21Shares TETH ($3.15 million), as if these were mere trinkets in the grand scheme of things. 🎩

The total trading value reached $209 billion, a slight decline from yesterday. Total net assets came in at $24.99 billion, representing a paltry 5.51% of the Ethereum market cap. A most dismal figure, I assure you. 📈

Market Context

Bitcoin’s price, though modest, noted a little progress on Friday of 0.57%, reaching a most respectable $109,750.27. Its daily trading volume of $69.48 billion and market cap of $2.18 trillion surged with a most encouraging vigor. 🚀

Meanwhile, Ethereum’s price fell by 0.93% in 24 hours, trading around $3,867.97. The token’s trading volume reached $39.48 billion, and its market cap is now around $466.68 billion-a most distressing turn of events. 😢

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2025-10-31 08:37