Was the Stock Market Closed Yesterday: Essential Facts for Crypto Investors

Understanding if the stock market was closed yesterday is crucial for crypto investors tracking Bitcoin ETFs and broader market trends. This article provides a clear answer, explores the latest ETF inflow data, and explains how traditional market schedules can influence crypto trading activity and sentiment.

Stock Market Closures and Their Impact on Crypto Markets

Stock market schedules directly affect the trading of Bitcoin ETFs and other crypto-related financial products. As of October 23, 2023, there were no major public holidays or scheduled closures for traditional U.S. stock exchanges. Trading continued as usual, allowing for regular ETF activity and price discovery. This continuity is important for investors who monitor both traditional and crypto markets, as synchronized trading hours can lead to more accurate price correlations and liquidity.

Recent Trends in Bitcoin ETF Inflows and Outflows

According to industry reports dated October 23, 2023, Bitcoin ETFs experienced a notable shift in capital flows. After a two-week period marked by net outflows, the trend reversed yesterday with nearly $150 million in net inflows. This recovery follows nine sessions of outflows totaling close to $900 million, though this figure remains modest compared to the $62 billion in total net inflows since Bitcoin ETFs were listed. The largest single-day outflow on record is over $1.1 billion, highlighting that recent movements, while significant, are not unprecedented.

In the last three trading sessions, total net inflows reached $260 million, recovering almost a third of the previous outflows. Notably, the period from September 29 to October 9 saw even stronger inflows, peaking at $1.2 billion on October 6, coinciding with Bitcoin's new all-time high. These figures underscore the dynamic nature of ETF capital flows and their sensitivity to both market sentiment and trading schedules.

Ethereum ETFs and Traditional Stock Exchange Activity

Ethereum ETFs have shown a different pattern. While Bitcoin ETFs rebounded with strong inflows, Ethereum ETFs remain in a consolidation phase. The last significant inflows for Ethereum occurred on September 29 ($550 million) and October 7 ($450 million), with the most recent outflow of $430 million on October 13. Yesterday's inflow of $94 million, though positive, is not yet enough to confirm a new upward trend. This highlights the importance of monitoring both short-term and medium-term trends across different crypto assets.

On the traditional exchange side, Bitcoin reserves on crypto platforms continue to decline, reaching new cycle lows. This suggests that ETF inflows may be driving increased BTC purchases by fund managers, even if these are executed via over-the-counter (OTC) services. The interplay between ETF activity and exchange reserves is a key metric for understanding institutional adoption and market liquidity.

Key Takeaways for Crypto Investors

For investors using platforms like Bitget, knowing whether the stock market was closed yesterday helps in planning trades and understanding ETF price movements. The recent return of positive inflows into Bitcoin ETFs signals renewed institutional interest, while Ethereum's consolidation phase suggests a more cautious outlook. Monitoring trading schedules, ETF flows, and on-chain data remains essential for making informed decisions in the fast-evolving crypto landscape.

Stay updated with Bitget for the latest market insights and take advantage of our secure trading platform and Bitget Wallet for seamless crypto management. Explore more features and stay ahead in the digital asset market.