Crypto ETFs ended Friday, October 23, with mixed returns and approximately $718 million in net outflows across the funds with available flow data in the attached report. Bitcoin products accounted for most of the withdrawals, while Ethereum ETFs gained modestly despite continued redemptions.
Bitcoin ETFs generally declined around 0.2%–0.3%. BlackRock’s IBIT fell 0.22% and recorded $254.1 million in outflows, while Fidelity’s FBTC slipped 0.18% with $217.5 million in withdrawals. ARK 21Shares’ ARKB lost 0.19% and shed $109.4 million, while Grayscale’s GBTC declined 0.25% with $29.5 million in outflows. Across the listed Bitcoin strategies, net withdrawals totaled approximately $637.2 million. Leveraged products posted larger losses, including BITX, down 0.65%, although it attracted $6.4 million in new money.
Ethereum ETFs performed better, with ETHA rising 0.37%, Fidelity’s FETH gaining 0.29%, and Bitwise’s ETHW advancing 0.53%. However, the category recorded approximately $73.4 million in net outflows, led by $75.5 million leaving ETHA and $9.6 million exiting Grayscale’s ETHE. These withdrawals were partially offset by $2.4 million entering FETH and $7.5 million flowing into the leveraged ETHU ETF.
XRP and Solana ETFs were mostly flat to lower. Franklin’s XRPZ declined 0.21% but attracted $3.5 million, helping the XRP category generate approximately $1.4 million in net inflows, despite $2.9 million leaving XRPR. Solana funds experienced approximately $8.9 million in net outflows, concentrated in Bitwise’s BSOL and Grayscale’s GSOL. BSOL edged down 0.07%, while GSOL finished unchanged. Overall, Friday’s results showed modest price changes alongside substantial withdrawals from Bitcoin funds, with Ethereum’s gains providing a measure of relative strength.
The cryptocurrency market opened Monday, October 26, with mixed performance, as total market capitalization slipped 0.3% to $2.75 trillion as of 6:00 a.m. ET, despite modest gains across most major tokens. Bitcoin rose 0.3% to $80,444, while Ethereum added 0.3% to $2,331. Solana advanced 0.8% to $101.35, BNB gained 0.4% to $738.51, and Hyperliquid climbed 1.9% to $76.99. XRP edged down 0.1% to $1.29. Weekly performance remained soft, with Bitcoin down 3.0%, Ethereum off 4.5%, and Solana lower by 4.1%.
Selected altcoins posted stronger gains, led by Quant, which surged 16.0% to $208.47, and Ethena, which advanced 9.4% to $0.21. MemeCore gained 6.6% to $0.98, extending its seven-day rally to 33.5%, while Zcash rose 3.7% to $1,226. DeFi tokens also showed strength, with Osmosis jumping 23.3%, Uniswap gaining 5.6%, and PancakeSwap adding 2.9%. On the downside, Monero fell 2.2% to $587.88, while GRAM declined 1.0% to $1.22, deepening its weekly loss to 9.7%. Overall, the morning’s trading showed pockets of strong altcoin momentum alongside modest stabilization in major cryptocurrencies, although weekly declines continued to weigh on the broader picture.
