The burgeoning market for spot Bitcoin Exchange-Traded Funds (ETFs) faced a significant setback this week, recording massive outflows that pushed cryptocurrency prices lower and market sentiment into a state of "fear." Data from October 29 revealed a striking <b>$471 million</b> hemorrhage from <a href="https://www.cryptoknowmics.com/news/spot-bitcoin-etfs-see-major-inflow-rebound-as-btc-surpasses-113k/">Bitcoin ETFs,</a> marking one of the worst single-day performances since their inception. This sharp reversal in investor conviction coincided with a broader slide in the crypto market.
<h2>Massive Capital Flight Hits Major Funds</h2>
[embed]https://twitter.com/BitcoinFear/status/1983760791338704913[/embed]

The torrent of red extended across the major spot products. While the total Bitcoin ETF outflow neared the half-billion-dollar mark, a key contributor was BlackRock’s flagship iShares Bitcoin Trust (IBIT), which alone experienced an <b>$88 million</b> withdrawal. Additionally, the nascent spot Ethereum ETF market was not spared, registering <b>$81.4 million</b> in outflows, further signaling a widespread risk-off move among institutional and retail investors.
<h3>Sentiment Indicators Flash 'Fear'</h3>
The significant capital withdrawals immediately impacted the asset’s price and market psychology. On Thursday, the price of Bitcoin plunged to an intraday low of $108,201. Mirroring the price action, the widely-followed "Fear &amp; Greed" Index dropped sharply from a "Neutral" reading of 51 points to <b>34</b>, placing the market firmly in the "Fear" territory. Despite the downturn, some long-term holders remain unfazed by the recent volatility. As noted by one analyst: <b>“Bitcoin is at 110k and investors are fearful again.”</b> This perspective highlights the enduring belief that the flagship digital asset is consolidating well above a key psychological price level.
<h3>ETHA Provides a Glimmer of Green</h3>
[embed]https://twitter.com/Andre_Dragosch/status/1983738582130192890[/embed]

In a notable divergence from the prevailing market trend, BlackRock’s Ethereum ETF (ETHA) managed a small, but positive, inflow of <b>$21.7 million</b>. While ETHA's total net assets stand at $15.8 billion, it is still dwarfed by IBIT’s formidable $89 billion, confirming the dominance of Bitcoin in the regulated ETF space, even during periods of heavy selling.

Bitcoin ETFs Suffer Near-$500 Million Outflow Amid Market Plunge

Spot Bitcoin ETFs recorded a massive $471M in single-day outflows. The market plunged into 'Fear' as BTC fell below $109K. IBIT led the sell-off.

Bitcoin ETFs Suffer Near-$500 Million Outflow Amid Market Plunge

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