flows

According to Rootdata, yesterday (Eastern Time October 22), the total net outflow of Ethereum spot ETFs was $111 million.The Ethereum spot ETF with the highest net outflow on that day was BlackRock ETF ETHA, with a net outflow of $75.5 million. As of that trading day, ETHA has a historical cumulative net inflow of $12.279 billion.Following that was BlackRock ETF ETHB, with a net outflow of $17.2 million. As of that trading day, ETHB has a historical cumulative net inflow of $822 million.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:ANDURIL (Pres....oQB): Net inflow of $2,000, with a 24-hour increase of 13.2%, currently priced at $162.4264.McRib (8idE....ump): Net inflow of $2,000, with a 24-hour increase of 21101.3%, currently priced at $0.0008.DJT (DJTu....voF): Net inflow of $703, with a 24-hour increase of 0.8%, currently priced at $6.656.Dacity (nxPq....ump): Net inflow of $703, with a 24-hour increase of 9.2%, currently priced at $0.0133.Dogzilla (Ebb2....ump): Net inflow of $343, with a 24-hour increase of 1631.9%, currently priced at $0.0001.

According to a report by Cointelegraph, DWF Labs pointed out in a research report released on Thursday that the daily capital flow of the U.S. spot Bitcoin ETF is difficult to predict for Bitcoin's subsequent trends, with investors more inclined to buy after price increases and withdraw during declines.The study covers 694 trading days since the launch of the U.S. Bitcoin spot ETF in January 2024: in 8 instances where the Bitcoin price fell by 15%, there were net outflows of ETF funds in 7 of those cases; while in all 9 instances where the price rose by 15%, there were net inflows of funds.DWF Labs concluded that ETF capital flows are more about confirming market trends rather than predicting them in advance. Data shows that the correlation coefficient of the day's ETF capital flow with the price changes of Bitcoin over the previous 5 trading days is 0.54, but the correlation coefficient with the price changes over the subsequent 5 trading days is only 0.03. From October 2025 to February 2026, the net outflow from Bitcoin ETFs was approximately $6.9 billion, and during the market decline from May to June 2026, the net outflow was about $8.2 billion.DWF Labs also noted that some ETF trades may involve buying fund shares while simultaneously shorting Bitcoin through futures on the Chicago Mercantile Exchange (CME) as a hedging strategy, so the capital flow does not directly reflect investors' true bullish or bearish positions.

Analyst Darkfost stated that recently, the activity of XRP whales has significantly increased, and selling pressure has notably risen. Data shows that, based on the definition of whales as addresses with single transactions exceeding 1 million XRP, the monthly inflow amount to Binance from such addresses has increased by approximately $72 million since August, reaching $112.4 million, the highest level since March of this year, surpassing the average of about $90 million over the past three months.During this period, the daily inflow amount even exceeded $400 million at one point. Darkfost pointed out that this change coincided with XRP rebounding over 30% since August, indicating that some large holders may be taking the opportunity to realize profits. Currently, the scale of whale inflows to exchanges has returned to more typical levels, showing that the related selling pressure has eased. However, subsequent trends may still change rapidly with fluctuations in XRP prices, and the flow of whale funds remains a market indicator worth monitoring.

Further analysis reveals that the activities of whales (large holders) are weakening. The 90-day moving average of whale outflows for XRP has dropped to $4.97 million, the lowest level since October 2021. CryptoQuant believes that this lack of whale interest may indicate that large investors are waiting for more advantageous buying prices, thus delaying the increase of their market exposure. From a long-term perspective, this suggests that XRP may lack buying support in the absence of whale backing.In a broader market context, the investor group for Bitcoin (BTC) also showed signs of retreat in October. According to a report by Glassnode, Bitcoin's realized profit-loss ratio fell from 0.8 to 0.4, a decrease of 50%. This change indicates that market participants are shifting from aggressive trading to a more stable sentiment, reducing profit-taking activities and reflecting a shift in market sentiment.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:FTR (DFMt....ump): Net inflow of $10,000, with a 24-hour increase of 5703.3%, currently priced at $0.0054.PUMP (pump....Dfn): Net inflow of $5,000, with a 24-hour decrease of -0.9%, currently priced at $0.0046.Normie (DzMw....ump): Net inflow of $5,000, with a 24-hour increase of 16.5%, currently priced at $0.0009.RL (BEFJ....A7L): Net inflow of $2,000, with a 24-hour increase of 1221%, currently priced at $0.0001.ASSBOY (Eq9G....i6i): Net inflow of $2,000, with a 24-hour increase of 159.4%, currently priced at $0.0001.

According to SoSoValue data, on October 14, Eastern Time, the total net outflow of Ethereum spot ETFs was $130 million. The Ethereum spot ETF with the highest net outflow in a single day was Blackrock ETF ETHA, with a net outflow of $110 million. Currently, the historical total net inflow of ETHA has reached $12.608 billion.The second highest was Grayscale Ethereum Trust ETF ETH, with a net outflow of $18.758 million in a single day. Currently, the historical total net inflow of ETH has reached $2.007 billion. As of the time of publication, the total net asset value of Ethereum spot ETFs was $15.202 billion, and the ETF net asset ratio (market value as a percentage of Ethereum's total market value) reached 5.15%. The historical cumulative net inflow has reached $13.07 billion.

According to SoSoValue data, yesterday (Eastern Time October 14), the total net outflow of the HYPE spot ETF in the United States was $4.95 million.The HYPE spot ETF with the highest net outflow yesterday was the Bitwise Hyperliquid ETF (BHYP), with a net outflow of $1.8174 million for the day, and the historical total net inflow currently stands at $140 million. Following that was the Grayscale Hyperliquid Staking ETF (HYPG), with a net outflow of $1.7308 million for the day, and the historical total net inflow currently stands at $153 million. As of the time of writing, the total net asset value of the HYPE spot ETF is $431 million, with a net asset ratio of 2.39%, and the historical cumulative net inflow has reached $329 million.On the same day, the total net outflow of the SOL spot ETF in the United States was $1.2946 million. Only the Bitwise Solana Staking ETF (BSOL) experienced a net outflow yesterday, with a net outflow of $1.2946 million for the day, and the historical total net inflow currently stands at $1.196 billion. As of the time of writing, the total net asset value of the SOL spot ETF is $1.657 billion, with a net asset ratio of 2.70%, and the historical cumulative net inflow has reached $1.580 billion.

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Wintermute stated that the Federal Reserve's meeting minutes show that most officials expect another interest rate hike within the year, with the market pricing in a roughly 20% probability of a rate increase by the end of October. The yield on the 10-year U.S. Treasury bond rose to 5.24%. Against this backdrop, the S&P 500 index rose 1.2% last week, reaching a historic high, while the cryptocurrency market performed weakly. The rise in U.S. stocks was supported by expectations of corporate earnings growth, while the cryptocurrency market lacked similar earnings support and relied more on new capital inflows.As capital flows reversed, the cryptocurrency assets' sustained upward momentum over the previous six weeks became difficult to maintain. Bitcoin fell back from around $86,000 to $87,000 last week, dipping to about $80,400 on Thursday before rebounding above $83,000 and regaining the range high of $82,500. The U.S. spot Bitcoin ETF saw a net outflow of approximately $679 million last week, the largest single-week outflow since late June, while the Ethereum ETF experienced a net outflow of about $542 million.The cryptocurrency market has lost the support of capital inflows, while U.S. stocks still have earnings growth as a cushion. Therefore, in the short term, the market outlook will only remain optimistic if long-term Treasury yields stabilize and spot ETF funds turn back to net inflows. Before these two conditions are met, Bitcoin remains an asset that is more sensitive to U.S. stock volatility and has higher downside risks, making it inadvisable to chase low-quality altcoins. If the 30-year U.S. Treasury yield breaks above the 5.64% reached on September 30, or if Bitcoin continues to face resistance around $82,500, Wintermute will adopt a cautious stance. This week, attention should be focused on the U.S. September CPI data to assess whether energy inflation is spreading to core inflation, as well as the financial performance of financial institutions and AI-related companies.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $65.401 million. The Bitcoin spot ETF with the highest single-day net outflow is Blackrock ETF IBIT, with a single-day net outflow of $65.401 million. Currently, the historical total net inflow of IBIT has reached $65.668 billion.As of the time of publication, the total net asset value of Bitcoin spot ETFs is $106.058 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.35%. The historical cumulative net inflow has reached $57.041 billion.

According to The Block, the U.S. spot Ethereum ETF saw a net outflow of $542.1 million last week, marking the worst week since January, with capital outflows occurring for 9 consecutive days.During the same period, the Solana ETF experienced a net outflow of $24.8 million, ending a previous streak of 14 weeks of net inflows, and recording the largest single-week net outflow since the product was launched.

The Institute of International Finance (IIF) stated that, as of this year, capital outflows from emerging market stocks have reached 113.9 billion USD.

Bitwise CEO posted on the X platform that the Bitwise Chainlink ETF has received inflows for three consecutive days, with assets under management exceeding 68 million dollars.

According to Farside data, the U.S. Bitcoin spot ETF achieved net inflows for the eighth consecutive trading day yesterday, with a net inflow of 31 million dollars.

According to Bitcoin.com, Grayscale's Zcash ETF (ZCSH) has reached a net asset size of 1 billion dollars, with a cumulative net inflow of 306.12 million dollars, accounting for less than 30%. The fund began trading on NYSE Arca on August 25, and its size exceeded 500 million dollars within two weeks.ZCSH was renamed from Grayscale Zcash Trust, which was established in October 2017 and already held ZEC at the time of listing; meanwhile, the price of ZEC has roughly doubled since the ETF's listing, driving the growth of the fund's asset size. Grayscale's parent group DCG International Investments exchanged approximately 100 million dollars worth of ZCSH shares for 85,705.32563297 ZEC, and after excluding this non-cash transaction, the external new funds amount to about 200 million dollars.Grayscale will implement a 3-for-1 forward split before the market opens on September 30, and holders registered as of the market close on September 28 will be subject to this arrangement. After the split, the net asset value per share is expected to drop to about one-third, the number of shares will increase threefold, and the dollar value of the holdings will remain unchanged.

According to GMGN data, the top 5 tokens with net inflow in the past 24 hours are as follows:SI (DEW9....WDP): Net inflow of $20,000, with a 24-hour increase of -20.1%, currently priced at $0.0053.NVDAx (Xsc9....qEh): Net inflow of $9,000, with a 24-hour increase of -0.4%, currently priced at $224.7415.GRASS (Gras....Xjs): Net inflow of $8,000, with a 24-hour increase of 0.5%, currently priced at $0.4477.CARDS (CARD....Yjp): Net inflow of $7,000, with a 24-hour increase of -0.1%, currently priced at $0.1675.COLLECT (nDZk....ump): Net inflow of $4,000, with a 24-hour increase of 23242%, currently priced at $0.001.

CryptoQuant analyst Darkfost pointed out that although the price of Bitcoin is rising, sustained buying pressure is still difficult to rebuild, and market signals are mixed. The cumulative spot demand over the past 30 days is -180,000 BTC, still negative, while futures demand is +54,000 BTC, still positive but slightly declining. The total average demand improved from -188,000 BTC to -126,000 BTC, narrowing the gap but still remaining in negative territory. Recently, there has been a divergence between price and total demand; Bitcoin's price has risen, but total demand has not turned positive, indicating that the increase is more driven by reduced selling pressure rather than strong buying.Looking at different sectors, the demand recovery is not uniform. For institutions, the geopolitical and macro environment is poor, but the Coinbase Premium, weighted by trading volume, has briefly turned positive, indicating that U.S. spot prices occasionally have a premium over other markets, and institutional selling pressure has significantly eased. ETFs have seen the biggest change in this round, with demand completely reversing compared to this summer, having recently net purchased about 70,000 BTC. The cumulative net inflow for 2026 is still about -17,000 BTC, but it is close to turning positive. In terms of trading platforms, the entire month of September has been characterized by net outflows, leaning towards accumulation rather than distribution. Bitcoin leaving trading platforms usually means that short-term selling pressure is lighter. Analyst Darkfost summarized that the current price increase is not due to enhanced buying pressure, but rather because investors have not continued to increase selling pressure at higher price levels, and the market structure remains fragile.