Key Takeaways
- • US spot Bitcoin ETFs recorded $228.6 million in net outflows for the week ending October 16, 2026, pushing October's cumulative net outflows to roughly $615-$618 million, according to Pluang.
- • BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund led the redemptions, with a single-day outflow of $487.1 million on October 7.
- • Total ETF assets under management remain at $104.29 billion, with cumulative net inflows since January 2024 of $56.88 billion.
- • The funds continue to hold approximately 1.276 million BTC, and the article attributes the outflows to portfolio rebalancing or profit-taking rather than a loss of confidence in Bitcoin.
Summary
US spot Bitcoin exchange-traded funds posted $228.6 million in net outflows for the week ending October 16, 2026, according to a Pluang report. The redemptions lifted October's cumulative net outflows to approximately $615-$618 million, the publication said, with the range reflecting differing approximations of the monthly total.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund accounted for the bulk of the redemptions. The largest single-day outflow was $487.1 million on October 7, 2026.
Despite the withdrawals, total assets under management across the spot Bitcoin ETFs stood at $104.29 billion. Cumulative net inflows since the products launched in January 2024 totaled $56.88 billion. The funds collectively held around 1.276 million BTC.
Pluang attributed the outflows to portfolio rebalancing or profit-taking rather than a loss of confidence in Bitcoin, citing continued high trading volumes in the products. The report also included a market snapshot as of October 18, 2026, showing 13 of 50 major cryptocurrencies rising and 36 falling, with YFI, KSM and ALGO among the notable movers.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund accounted for the bulk of the redemptions. The largest single-day outflow was $487.1 million on October 7, 2026.
Despite the withdrawals, total assets under management across the spot Bitcoin ETFs stood at $104.29 billion. Cumulative net inflows since the products launched in January 2024 totaled $56.88 billion. The funds collectively held around 1.276 million BTC.
Pluang attributed the outflows to portfolio rebalancing or profit-taking rather than a loss of confidence in Bitcoin, citing continued high trading volumes in the products. The report also included a market snapshot as of October 18, 2026, showing 13 of 50 major cryptocurrencies rising and 36 falling, with YFI, KSM and ALGO among the notable movers.
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