Ethereum

Bitcoin

BlackRock

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin ETFs IBIT and FBTC have surpassed $10 billion in assets despite market downturn.</li>
 <li>Ethereum ETFs are struggling with cumulative outflows due to declining Bitcoin and Ethereum prices.</li>
</ul>
<p>Despite the ongoing cryptocurrency market downturn, Bitcoin ETFs are showing resilience.</p>
<p>Recent data from Farside Investors indicates that Bitcoin ETFs have witnessed significant outflows, with a notable $52.9 million outflow on October 2nd.</p>
<h2 id="top-performing-bitcoin-etfs">Top Performing Bitcoin ETFs</h2>
<p>In this challenging environment, Eric Balchunas, a senior ETF analyst at Bloomberg, has identified BlackRock’s IBIT and Fidelity’s FBTC as standout Bitcoin ETFs.</p>
<p>These funds have reached “stud level” status with over $10 billion in Assets Under Management (AUM), demonstrating their appeal to investors even in tough times.</p>
<p>Farside Investors’ data further validates this trend, showing that since their launch, BlackRock’s IBIT and Fidelity’s FBTC have attracted $21.5 billion and $9.9 billion in total inflows respectively.</p>
<p>However, the month of October has brought mixed results, with IBIT and FBTC experiencing both inflows and outflows, reflecting the volatile nature of the ETF landscape.</p>
<h2 id="ethereum-etfs-underperforming">Ethereum ETFs Underperforming</h2>
<p>On the other hand, Ethereum ETFs have been struggling.</p>
<p>On October 1st, cumulative outflows for Ethereum ETFs reached $48.6 million, with BlackRock’s ETHA and Fidelity’s FETH recording no inflows and outflows of $25 million respectively.</p>
<p>This trend underscores the challenges facing Ethereum ETFs in the current market conditions.</p>
<p>There are also growing concerns around Grayscale’s GBTC as it has experienced a total outflow of $20.1 billion since its launch, according to Farside Investors.</p>
<p>Grayscale’s Ethereum ETF, ETHE, has also faced significant outflows totaling $2.93 billion, exceeding the combined outflows of all other Ethereum ETFs.</p>
<p>As for the price action, both <a href="https://coineagle.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and <a href="https://coineagle.com/price/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a> have been on a downward trend, trading at $60,480.03 and $2,347.81 respectively.</p>

Navigating Challenges: BlackRock and Fidelity Dominate the ETF Sector

Table of Contents

CoinEagle.com

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