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PiCK

US Spot Crypto ETFs See $89.4 Million in Outflows, Led by Ethereum

Source
Doohyun Hwang

Summary

  • U.S. spot crypto ETFs posted net outflows of $89.4 million in one day, with Ethereum ETFs alone seeing $60.22 million leave.
  • Zcash (ZEC), Hyperliquid, Solana, BNB, Polkadot and XRP altcoin ETFs posted outflows, while Bitcoin ETFs recorded $5.06 million in net inflows.
  • Over the past 30 days, Bitcoin ETFs logged $2.1 billion in net inflows while Ethereum ETFs posted $360.05 million in net outflows, as Solana, XRP and BNB ETFs maintained a net inflow lead.

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Photo: SoSoValue
Photo: SoSoValue

About $89.4 million flowed out of U.S. spot cryptocurrency exchange-traded funds in a single day. Ethereum products posted the largest outflows, while Zcash, Hyperliquid and Solana funds also saw net withdrawals. Bitcoin products recorded a modest net inflow.

Combined flows across U.S. spot ETFs tied to 15 assets showed a net outflow of about $89.4 million on Oct. 15, according to SoSoValue data. Ethereum ETFs alone posted $60.22 million in net outflows, weighing on the overall total.

Other altcoin products also saw money leave. Zcash (ZEC) ETFs posted $14.76 million in net outflows, while Hyperliquid and Solana recorded $10.28 million and $9.82 million, respectively. BNB, Polkadot and XRP products also logged smaller net outflows.

By contrast, Bitcoin ETFs drew $5.06 million in net inflows. Near Protocol and Chainlink products also attracted $1.13 million and about $12,000, respectively. Those inflows were not enough to offset outflows from other assets.

The divergence between Bitcoin and Ethereum also held over the past 30 days. Bitcoin ETFs posted $2.1 billion in net inflows, while Ethereum ETFs logged $360.05 million in net outflows.

Solana and XRP, despite their one-day outflows, maintained net inflow leads on a cumulative 30-day basis. Over that period, Solana ETFs drew $201.43 million and XRP ETFs attracted $90.58 million. BNB ETFs also recorded $98.61 million in net inflows, underscoring differences in investor demand across assets.

Doohyun Hwang

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀

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