Bitcoin and Ether ETFs Shed $798.9m on 30 October as Inflows Reverse
US spot bitcoin ETFs lost $643.2m and ether funds $155.7m in Friday’s completed trading session, Farside data shows. One day of fund flows does not establish why investors sold.
US-listed spot bitcoin and ether exchange-traded funds recorded a combined $798.9 million in net outflows on Friday, 30 October, ending the week with a sharp reversal in bitcoin investment flows.
The figures come from Farside Investors' bitcoin and ether fund tables. Bitcoin ETFs registered a net $643.2 million leaving the products, while ether ETFs recorded $155.7 million. These are figures for the completed US trading session on Friday, not live cryptocurrency flows on Saturday, 31 October.
The largest bitcoin ETF outflows were attributed to BlackRock's IBIT ($233.7 million), Fidelity's FBTC ($201 million) and ARK 21Shares' ARKB ($129.5 million). Those figures describe fund share creation and redemption activity, not direct withdrawals from the bitcoin network or a fall of the same size in cryptocurrency market capitalisation.
One session erased four days of bitcoin inflows
Farside's daily figures show bitcoin funds took in $110.3 million on Monday, $176 million on Tuesday, $137.3 million on Wednesday and $17.2 million on Thursday. Together, the four sessions brought in $440.8 million. Friday's $643.2 million outflow more than wiped that out, leaving the week ending 30 October at a net outflow of $202.4 million.
Ether funds did not share bitcoin's earlier positive run. They registered net outflows on each of the five trading days, adding up to $431.4 million for the week. BlackRock's ETHA accounted for $76.6 million of Friday's $155.7 million ether ETF outflow.
This contrast is useful, but it has limits. Daily net flows do not identify investors' motivations. An institution could redeem shares because it is reducing risk, rebalancing a portfolio or moving exposure elsewhere. A day's fund data cannot establish which explanation is correct for the market as a whole.
The wider market backdrop
The figures followed a volatile period in digital assets. Binance disclosed a theft involving about $6.3 billion in cryptocurrency after an attack on 29 October. In a 30 October Reuters market report, bitcoin reached $77,646, its lowest level in six weeks at that point, and ether fell as low as $2,238.76, a two-month low. These are historical intraday prices, not current quotations.
The market turbulence and ETF redemptions happened close together. That does not prove that the Binance incident caused the entire $798.9 million outflow. Broader shifts in investors' tolerance for risk, trading positions and portfolio decisions could also have contributed.
US stock exchanges are closed over the weekend, so Friday is the latest completed ETF trading session covered here. Cryptocurrency itself trades around the clock, and its price can change before the next fund-flow report. Readers should compare later sessions rather than treat one day's redemptions as a prediction of future prices.
Sources
Musa Ersoy
Musa Ersoy is an editor and writer at DEFUXA Global News, covering developments in the United Kingdom and around the world. He researches news stories using official statements, credible sources and independently verifiable information. His editorial work focuses on factual ac…
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