Key Takeaways
- • U.S. bitcoin ETFs recorded $635.49 million in net outflows on Thursday, the largest daily outflow since June 25 and erasing nearly 60% of the $1.08 billion accumulated over the prior three sessions.
- • BlackRock's IBIT lost $254.05 million and Fidelity's FBTC shed $217.46 million, together accounting for roughly 74% of Thursday's withdrawals.
- • Bitcoin ETF net assets fell nearly $5 billion to $104.71 billion, while weekly flows remain positive at $442.67 million, though month-to-date flows slipped to a $174.50 million deficit.
- • Ether ETFs reversed from a $14.96 million inflow on Wednesday to a $110.50 million outflow on Thursday, with net assets falling to $14.57 billion.
- • Bitcoin's price fell below $81,000 on Thursday after nearing $85,000 on Wednesday, highlighting the sensitivity of institutional positioning to price and risk sentiment.
Summary
U.S. bitcoin ETFs suffered $635.49 million in net outflows on Thursday, according to the report, interrupting a three-session run that had attracted more than $1 billion. It was the largest daily outflow since June 25 and erased almost 60% of the $1.08 billion accumulated in the previous three sessions. Trading value across the funds reached $2.56 billion, and net assets fell by nearly $5 billion to $104.71 billion.
BlackRock's IBIT lost $254.05 million and Fidelity's FBTC shed $217.46 million, accounting for roughly 74% of Thursday's withdrawals. Ark and 21Shares' ARKB lost $109.43 million, Grayscale's GBTC shed $29.53 million, and Bitwise's BITB posted a $27.35 million exit. Morgan Stanley's MSBT was the only inflow, at $2.33 million.
The reversal was sharpest in the funds that led buying the previous day. IBIT and FBTC attracted a combined $447.70 million on Wednesday but lost $471.51 million on Thursday, leaving their two-session combined flow slightly negative. The report characterizes this as evidence that investors will deploy capital aggressively, but that conviction is highly sensitive to bitcoin's price and broader risk sentiment. Bitcoin plunged below $81,000 on Thursday after coming close to $85,000 on Wednesday.
Despite Thursday's drawdown, bitcoin ETFs remain positive by $442.67 million for the week, but month-to-date flows have slipped to a $174.50 million deficit.
Ether ETFs followed a similar pattern. A $14.96 million inflow on Wednesday gave way to a $110.50 million withdrawal on Thursday. BlackRock's ETHA lost $75.45 million and ETHB shed $17.17 million, while Grayscale's Ether Mini Trust and ETHE lost $10.69 million and $9.56 million, respectively. Fidelity's FETH attracted $2.37 million. Ether trading activity reached $550.23 million, with net assets falling to $14.57 billion. The report notes that repeated positive sessions in October have not developed into sustained accumulation.
Elsewhere, Grayscale's ZCSH attracted $14.23 million, bringing its two-day total to roughly $29.4 million, with net assets at $681.39 million. XRP ETFs added $3.55 million through Franklin's XRPZ, and NEAR attracted $513,060 through Bitwise's NRR. Solana ETFs lost $8.51 million on Thursday after ending a 12-session outflow streak the previous day, and HYPE ETFs recorded $7.88 million in withdrawals.
BlackRock's IBIT lost $254.05 million and Fidelity's FBTC shed $217.46 million, accounting for roughly 74% of Thursday's withdrawals. Ark and 21Shares' ARKB lost $109.43 million, Grayscale's GBTC shed $29.53 million, and Bitwise's BITB posted a $27.35 million exit. Morgan Stanley's MSBT was the only inflow, at $2.33 million.
The reversal was sharpest in the funds that led buying the previous day. IBIT and FBTC attracted a combined $447.70 million on Wednesday but lost $471.51 million on Thursday, leaving their two-session combined flow slightly negative. The report characterizes this as evidence that investors will deploy capital aggressively, but that conviction is highly sensitive to bitcoin's price and broader risk sentiment. Bitcoin plunged below $81,000 on Thursday after coming close to $85,000 on Wednesday.
Despite Thursday's drawdown, bitcoin ETFs remain positive by $442.67 million for the week, but month-to-date flows have slipped to a $174.50 million deficit.
Ether ETFs followed a similar pattern. A $14.96 million inflow on Wednesday gave way to a $110.50 million withdrawal on Thursday. BlackRock's ETHA lost $75.45 million and ETHB shed $17.17 million, while Grayscale's Ether Mini Trust and ETHE lost $10.69 million and $9.56 million, respectively. Fidelity's FETH attracted $2.37 million. Ether trading activity reached $550.23 million, with net assets falling to $14.57 billion. The report notes that repeated positive sessions in October have not developed into sustained accumulation.
Elsewhere, Grayscale's ZCSH attracted $14.23 million, bringing its two-day total to roughly $29.4 million, with net assets at $681.39 million. XRP ETFs added $3.55 million through Franklin's XRPZ, and NEAR attracted $513,060 through Bitwise's NRR. Solana ETFs lost $8.51 million on Thursday after ending a 12-session outflow streak the previous day, and HYPE ETFs recorded $7.88 million in withdrawals.
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