Bitcoin ETFs Report -$30.59M Net Outflow on October 9, Price Drops to $61,084.79

• On October 9, BTC ETFs reported a daily net inflow of -$30.59 million, indicating an outflow of capital from investments.
• Despite short term declines, the cumulative total net inflow for BTC remains positive at $18.68 billion.
• BTC’s price stood at $61,084.79, reflecting a 1.53% decline, while its market cap was $1,207,381,666,873, showing a 1.63% decrease.

As of October 9, the market data update indicates a daily total net inflow of -$30.59 million, which signifies an outflow of capital from cryptocurrency investments in the Bitcoin Exchange Traded Funds. Despite this negative daily inflow, the cumulative total net inflow shows a positive figure of $18.68 billion, indicating a long-term growth trend in investments.

Source: SoSoValue

According to SoSoValue, the total value traded for this date amounts to $969.76 million, reflecting the level of trading activity in the market. The total net assets stand at $56.68 billion, accounting for 4.74% of the overall Bitcoin market capitalization. 

The market data section presents various tickers representing different investment products. The ticker IBIT, listed on NASDAQ, reports a 1D net inflow of $13.88 million and a total net asset value of $22.56 billion. The market price for IBIT is recorded at $34.68, with a daily change of -2.03%.

Other tickers, such as GBTC and FBTC, which are listed on the NYSE and CBOE, show no recent net inflow. In contrast, the ticker ARKB indicates a negative net inflow of -$44.47 million. The BTC ticker shows a net asset share of 1.79% with a market price of $60.91.

Tickers such as HODL, BRRR, and EZBC exhibit variations in daily changes, reflecting market volatility, with changes ranging from -2.03% to -2.02%. The BITB ticker, associated with Bitwise, has total net assets of $9.02 million, with a daily change of -2.03%.

 Bitcoin’s current price is $61,084.79, reflecting a decline of 1.53% over the past day. This price movement indicates some volatility in the market. The market capitalization of Bitcoin stands at $1,207,381,666,873, representing a 1.63% decrease. This figure places Bitcoin as the leading cryptocurrency by market cap, maintaining its dominant position in the market.