The cryptocurrency exchange-traded fund (ETF) market has been shaken by large net outflows in both Bitcoin and Ethereum funds. This volatility, reflecting a decline in investor risk appetite, has raised concerns in the markets. According to the latest data from SoSoValue, spot Bitcoin ETFs saw a total net outflow of $471 million. The fact that none of the twelve Bitcoin ETFs generated net capital inflows underscored the negative sentiment in the market. The largest outflow occurred in Fidelity's FBTC fund, with $164 million. ARKB, a joint fund of Ark Invest and 21Shares, followed with $144 million. Despite these recent outflows, spot Bitcoin ETFs have a total net asset value of $149.97 billion and a total net inflow of $61.86 billion since their inception. Ethereum ETFs also suffered from the selling pressure. On the same day, spot Ethereum ETFs saw a net outflow of $81.44 million. The only positive performance in this category came from Blackrock's ETHA fund, which saw net inflows of $21.36 million. Meanwhile, the largest capital outflow was observed in Fidelity's FETH fund, with $69.49 million. With the latest data, the total net asset value of spot Ethereum ETFs has reached $26.6 billion, while total net capital inflows to date have reached $14.65 billion. These developments suggest that investors are approaching cryptocurrency markets with greater caution as of the end of October. *This is not investment advice. Continue Reading: Bitcoin and Ethereum ETFs Experience Massive Outflows! Here's the Latest Data
