Key Takeaways
- • US spot Bitcoin and Ethereum ETFs recorded $986.3 million in combined net outflows through Thursday, according to Farside Investors, with Friday's figures pushing the October total past $1 billion.
- • Bitcoin ETFs lost $678.9 million between Monday and Friday, led by Fidelity's FBTC (-$380.3 million) and ARK 21Shares' ARKB (-$207.2 million), while BlackRock's IBIT finished roughly flat.
- • Ethereum ETFs posted nine consecutive sessions of net outflows, with BlackRock's ETHA responsible for $477.1 million of the week's $542.2 million Ether ETF outflows, about 88 percent.
- • Outflows spread across all crypto ETF categories in the same week, with $1.29 billion leaving Bitcoin, Ethereum, Solana, Zcash and Hyperliquid funds, the largest wave of selling since June.
- • Bitcoin ETFs returned to a $21.1 million net inflow on Friday, led by IBIT, though the article characterizes one green day as insufficient to end the trend.
Summary
US spot Bitcoin and Ethereum ETFs recorded $986.3 million in combined net outflows through Thursday, according to Farside Investors, and Friday's numbers pushed October's total over $1 billion. Across all crypto ETFs tracked, $1.29 billion left Bitcoin, Ethereum, Solana, Zcash and Hyperliquid funds in a single week, according to the same report. The outflows represent the largest wave of selling since June.
Bitcoin ETFs lost $678.9 million between Monday and Friday, reversing the $241.1 million they attracted the prior week. Wednesday alone saw $484.9 million in withdrawals, the largest single-day outflow since June 25. Fidelity's FBTC shed $380.3 million and ARK 21Shares' ARKB lost $207.2 million. BlackRock's IBIT, the largest Bitcoin fund, finished the week almost flat with a $1.1 million inflow after a $207.7 million Wednesday withdrawal. The selling coincided with a Bitcoin price decline to a Thursday low of $80,427 before a rebound above $82,000, which the article interprets as institutions reducing risk rather than rotating into other assets.
Ethereum ETFs have posted net outflows for nine consecutive trading sessions, a streak beginning September 29 that has drained roughly $700 million, with October accounting for well over half a billion dollars. BlackRock's ETHA accounted for $477.1 million of the week's $542.2 million in Ether ETF outflows. Morgan Stanley's MSSE was the only Ether ETF to finish the week positive, with a $1.3 million inflow. Ethereum ETFs hold roughly $15.6 billion in net assets, compared with about $105 billion across Bitcoin funds.
Solana ETFs lost $25 million over five straight negative sessions, mostly from Bitwise's BSOL. The Zcash fund ZCSH gave back $30.8 million, bringing its two-week outflows to $108.4 million, and Hyperliquid products shed $9.4 million. Glassnode noted that Bitcoin's recent breakout requires stronger spot volume and renewed ETF buying to confirm support. Bitcoin ETFs recorded a $21.1 million net inflow on Friday, led by IBIT, which the article suggests may indicate panic selling has eased for now. Over the medium term, the article notes ETF outflows have historically clustered around local lows, and the funds still hold well over $120 billion in combined crypto assets.
Bitcoin ETFs lost $678.9 million between Monday and Friday, reversing the $241.1 million they attracted the prior week. Wednesday alone saw $484.9 million in withdrawals, the largest single-day outflow since June 25. Fidelity's FBTC shed $380.3 million and ARK 21Shares' ARKB lost $207.2 million. BlackRock's IBIT, the largest Bitcoin fund, finished the week almost flat with a $1.1 million inflow after a $207.7 million Wednesday withdrawal. The selling coincided with a Bitcoin price decline to a Thursday low of $80,427 before a rebound above $82,000, which the article interprets as institutions reducing risk rather than rotating into other assets.
Ethereum ETFs have posted net outflows for nine consecutive trading sessions, a streak beginning September 29 that has drained roughly $700 million, with October accounting for well over half a billion dollars. BlackRock's ETHA accounted for $477.1 million of the week's $542.2 million in Ether ETF outflows. Morgan Stanley's MSSE was the only Ether ETF to finish the week positive, with a $1.3 million inflow. Ethereum ETFs hold roughly $15.6 billion in net assets, compared with about $105 billion across Bitcoin funds.
Solana ETFs lost $25 million over five straight negative sessions, mostly from Bitwise's BSOL. The Zcash fund ZCSH gave back $30.8 million, bringing its two-week outflows to $108.4 million, and Hyperliquid products shed $9.4 million. Glassnode noted that Bitcoin's recent breakout requires stronger spot volume and renewed ETF buying to confirm support. Bitcoin ETFs recorded a $21.1 million net inflow on Friday, led by IBIT, which the article suggests may indicate panic selling has eased for now. Over the medium term, the article notes ETF outflows have historically clustered around local lows, and the funds still hold well over $120 billion in combined crypto assets.
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