Spot Bitcoin ETFs shed $643 million in a day as Ethereum funds lose $156 million

BlackRock and Fidelity led the October 30 redemptions, erasing a four-day inflow streak in a single session US spot Bitcoin ETFs saw $643 million in net outflows on October 30. Spot Ethereum ETFs lost another $156 million on the same day. The timing stings. Bitcoin funds had just wrapped up four straight days of inflows, and one bad Thursday undid all of it with room to spare. Who led the exits BlackRock’s iShares Bitcoin Trust (IBIT) was the largest single contributor to the Bitcoin outflow. It accounted for approximately $234 million of the total. Fidelity’s Wise Origin Bitcoin Fund (FBTC) was close behind, with around $201 million heading out the door. The rest of the redemptions were spread across the other spot Bitcoin products. On the Ethereum side, BlackRock again topped the list. Its iShares Ethereum Trust (ETHA) recorded an outflow of about $76.6 million out of the $156 million total. A streak that didn’t last From October 26 to October 29, spot Bitcoin ETFs pulled in net inflows over four trading days. Tallies put that run at roughly $424 million to $441 million. Then October 30 arrived. A single session of $643 million in outflows more than wiped out the entire four-day ...