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On October 8, 2024, Bitcoin ETFs experienced net outflows totaling $18.6 million, with Fidelity’s FBTC ETF leading the decline at $48.8 million. Grayscale’s GBTC ETF followed, posting a smaller outflow of $9.4 million. In contrast, BlackRock’s IBIT ETF was a notable exception, attracting inflows of $39.6 million, while other major ETFs like Ark, Bitwise, Invesco, Franklin, Valkyrie, VanEck, and WisdomTree reported no significant activity.

The trend of outflows continued into October 9, with a total net loss of $30.6 million across Bitcoin ETFs. Ark’s ARKB ETF took the lead on this day, losing $44.5 million. BlackRock’s IBIT ETF again reported a modest inflow of $13.9 million, while no changes were noted for Fidelity’s FBTC or other major ETFs, indicating a quiet day in the broader Bitcoin ETF market.

| ETF Provider | IBIT | FBTC | BITB | ARKB | BTCO | EZBC | BRRR | HODL | BTCW | GBTC | BTC | Total (Bitcoin) |

|--------------|-------|-------|------|-------|------|------|------|------|------|-------|------|------------------|

| Bitcoin ETFs (Oct. 8, 2024) | 39.6 | (48.8) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (9.4) | 0.0 | (18.6) |

| Bitcoin ETFs (Oct. 9, 2024) | 13.9 | 0.0 | – | (44.5)| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (30.6) |

In the Ethereum ETF market, outflows totaled $8.1 million on October 8, primarily driven by Fidelity’s FETH ETF, which lost $3.6 million, and Bitwise’s ETHW ETF, which saw outflows of $4.5 million. Other Ethereum ETFs, including those from BlackRock, 21Shares, VanEck, Invesco, Franklin, and Grayscale, reported no inflows or outflows.

On October 9, Ethereum ETFs remained static, showing no reported activity across all funds. This pause in investor activity indicates a lull in interest in Ethereum-backed products following the previous day's outflows.

| ETF Provider | ETHA | FETH | ETHW | CETH | ETHV | QETH | EZET | ETHE | ETH | Total (Ethereum) |

|--------------|------|-------|------|------|------|------|------|------|------|------------------|

| Ethereum ETFs (Oct. 8, 2024) | 0.0 | (3.6) | (4.5)| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (8.1) |

| Ethereum ETFs (Oct. 9, 2024) | 0.0 | 0.0 | – | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |

The ongoing outflows in Bitcoin ETFs, particularly from Ark and Fidelity, reflect a cautious sentiment among investors. Meanwhile, BlackRock’s IBIT ETF consistently attracts inflows, distinguishing it from its peers. In contrast, Ethereum ETFs have experienced limited activity, suggesting a period of consolidation as investors reevaluate their positions in both Bitcoin and Ethereum assets.