BTC ETF Outflows $1.2B; ETH ETF Exits $508M, SOL Inflows
Bitcoin ETF outflows accelerated last week to $1.2B, led by BlackRock’s IBIT fund. All 12 spot Bitcoin ETFs saw net withdrawals, with daily outflows hitting $488.4M on October 30 amid Fed rate-cut doubts. Ethereum ETF products lost $508M, primarily from BlackRock’s ETHA. In contrast, Solana ETFs drew $137M of inflows. Despite ETF outflows, Bitcoin rallied 4.4% to $106,172 and Ethereum rose 7.2% to $3,617. Improved liquidity—narrower SOFR-EFFR spread, a stalled dollar index and zero Fed repo usage—supported prices. Data from CryptoQuant and Glassnode suggest institutional profit-taking rather than panic selling. Market maker Enflux notes that Bitcoin ETF flows now closely track Fed policy signals. Traders should watch upcoming economic data and rate-cut probabilities for their impact on ETF flows and crypto prices.
Bullish
The heavy Bitcoin ETF outflows reflect profit-taking after a prolonged inflow streak, not market panic. Meanwhile, improved liquidity conditions have underpinned price gains despite ETF outflows. Short-term, the resilience of Bitcoin and Ethereum prices amid withdrawals suggests a bullish outlook. However, future flows and price momentum will hinge on Federal Reserve policy signals and upcoming economic data, as ETF flows now closely track rate-cut probabilities.