Image Credit: Shutterstock
- US spot Bitcoin exchange-traded funds recorded $635.6 million in net outflows on October 22.
- BlackRock and Fidelity funds accounted for about 74% of these Bitcoin ETF withdrawals.
- Ether funds also reversed course, losing $110.6 million after a single positive session.
U.S. spot Bitcoin exchange-traded funds recorded $635.6 million in net outflows on Oct. 22, their largest daily withdrawal since June 25. The result ended three consecutive sessions of inflows.
Ether funds also turned negative, losing $110.6 million after taking in $14.9 million a day earlier. Across the two groups, net outflows totaled $746.2 million.
Bitcoin traded at about $81,523 at 11:24 UTC on Oct. 23, down 0.34% over the preceding 24 hours. It had fallen as low as $80,841 during that period.
BlackRock and Fidelity Lead Bitcoin Withdrawals
BlackRock’s iShares Bitcoin Trust ETF (IBIT) lost $254.1 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $217.5 million in net outflows. Together, the two funds accounted for about 74% of Bitcoin ETFs’ net outflows.
Bitcoin funds had attracted a combined $1.07 billion across Oct. 19–21, including $524.8 million in the preceding session. Thursday’s withdrawals reduced their net inflow for the first four sessions of the week to $439.1 million.
The weekly balance remained positive, but Bitcoin ETFs recorded approximately $175.6 million in net outflows for October through Oct. 22.
The ARK 21Shares Bitcoin ETF (ARKB) lost $109.4 million. The Morgan Stanley Bitcoin Trust (MSBT) was the only Bitcoin fund with a net inflow, adding $2.3 million. Five funds recorded net withdrawals, while six reported zero net flows.
Ether Funds Return to Outflows After One Positive Session
BlackRock’s iShares Ethereum Trust ETF (ETHA) accounted for $75.5 million of Ether funds’ withdrawals. Its iShares Staked Ethereum Trust ETF (ETHB) lost another $17.2 million.
The Grayscale Ethereum Staking Mini ETF (ETH) recorded $10.7 million in net outflows, while the Grayscale Ethereum Staking ETF (ETHE) lost $9.6 million.
The Fidelity Ethereum Fund (FETH) was the only Ethereum fund to attract a net inflow, adding $2.4 million. The remaining six funds reported zero net flows.
Ether’s positive result on Oct. 21 had ended five consecutive sessions of withdrawals. The latest reversal brought the group’s net outflow for Oct. 19–22 to $225.1 million.
ETF flows track net share creations and redemptions rather than exchange trading volume. The data do not identify investors or explain their decisions.
