The post Crypto ETF News : Bitcoin Gains $90.6M While Ethereum Loses $93.6M appeared first on Coinpedia Fintech News
On October 23, spot Bitcoin ETFs attracted $90.60 million in inflows, with none of the funds posting any outflows. On the other side, Ethereum ETFs recorded $93.60 million in outflows, according to SoSoValue.
Bitcoin ETF Breakdown
Bitcoin ETFs recorded a total of $90.60 million in inflows, with two funds posting any action for the day. Fidelity FBTC and BlackRock IBIT gained $57.92 million and $32.68 million, respectively.
Total trading value in Bitcoin ETFs dropped to $3.34 billion, with net assets of $149.96 billion. This represents 6.78% of the Bitcoin market cap.
Ethereum ETF Breakdown
Ethereum ETFs also recorded $93.60 million in outflows. BlackRock ETHA posted $100.99 million in outflows, while Grayscale ETH saw gains of $7.40 million.
The total trading value dropped even further to $1.41 billion, with $26.39 billion in net assets. This marks 5.55% of the Ethereum market cap, slightly lower than the previous day.
Market Context
Bitcoin is currently trading at $111,382.03, showing a 0.5% progress in 24 hours. But its daily trading volume is still down around 12% reaching approximately $45.07 billion with a market cap of $2.22 trillion.
Meanwhile, Ethereum is trading at $3,932.12, slightly higher than the previous day. This marks a 0.32% up than yesterday. Its 24-hour trading volume dipped around 8.13%, reaching $32.49 billion on Saturday, with a market cap of around $474.43 billion.
The figures show that both assets continue to grow from yesterday. This comes when the US government is entering its 25th day of shutdown. According to data from Myriad, 79% traders believe that the shutdown will remain active as of November 5, 2025. In broad terms, both assets, Bitcoin and Ethereum, are in recovery mode, showing cautious optimism.