- intense fear
- ETHA bucks the trend
According to the data Provided by SoSoValue, Bitcoin exchange-traded funds (ETFs) recorded a total of $471 million in outflows on October 29.
Meanwhile, Ethereum spot ETFs also wasted funds worth $81.4 million.
intense fear
According to the “Fear & Greed” sentiment indicator, Bitcoin has fallen back into “fear” territory.
The index currently shows a total of 34 out of 100 points. Yesterday, in comparison, the index was still in neutral territory with 51 points.
Earlier this Thursday, the price of Bitcoin plummeted to an intraday low of $108,201, shattering any hopes of a late comeback from the bulls this October.
Still, some Bitcoiners see a silver lining in the fact that market participants are fearful as the cryptocurrency trades well above the $100,000 mark.
ETHA bucks the trend
Notably, BlackRock’s Ethereum ETF (ETHA) is the only product that managed to stay in the green on Saturday. The hot product has managed to make a profit of $21.7 million.
For comparison, the financial titan’s Bitcoin ETF (IBIT) lost a total of $88 million.
That said, IBIT still boasts an impressive $89 billion in net assets, dwarfing ETHA’s $15.8 billion.
