US crypto ETFs shed a net $1.29 billion in the week of Oct. 5-9, crypto.news reported from Farside Investors tables. Every tracked category ended negative, but BlackRock's Ether fund and two Bitcoin funds supplied over four-fifths of the money that left.
Perspective Coverage
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- Investor 76%
Reality
- Evidence82
- Adoption
- Not scored
- Hype gap+20
- Incentives
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- Confidence78
US spot Ether ETFs had $542 million of net redemptions in the five sessions to October 9, extending their outflow streak to nine days. By 247 Wall St.'s count, fund assets fell $1.98 billion over those days, about three-quarters of it from Ether's lower price.
Reality
- Evidence70
- Adoption55
- Hype gap+10
- Incentives30
- Confidence65
US spot bitcoin ETFs took in $21.13 million on October 9 as ether funds lost $56.10 million, a ninth straight day of outflows. Netted together, about $35 million left the two groups, so the bitcoin rebound is too small to show institutions coming back.
Reality
- Evidence72
- Adoption62
- Hype gap+20
- Incentives
- Not scored
- Confidence70
US spot ether ETFs lost about $408 million in six straight sessions, half of it on Tuesday from BlackRock's ETHA alone. Bitcoin funds took in $119 million that day after losing $90 million on Monday, too little over two sessions to have absorbed the ether money.
Reality
- Evidence70
- Adoption55
- Hype gap+15
- Incentives35
- Confidence62
BlackRock's ETHA clients pulled all $202 million that left US Ethereum ETFs on October 6
BlackRock's iShares Ethereum Trust lost $201.89 million to redemptions on October 6, the whole of a $202 million net outflow from US spot Ethereum ETFs. The other Ethereum funds were roughly flat that day, so the selling came from one fund's clients while the claimed move into Bitcoin went unmeasured.
Reality
- Evidence50
- Adoption55
- Hype gap+20
- Incentives
- Not scored
- Confidence50
BlackRock's ETHA took 69 cents of every dollar that entered Ethereum ETFs on September 11
ETHA's $149m on September 11 was nearly 69% of the day's $216m sector inflow, but its share of August's $1.75bn was closer to 57%, and the $13bn cumulative figure is being measured against a sector asset total.
Reality
- Evidence34
- Adoption61
- Hype gap+31
- Incentives56
- Confidence44