ETF flows

US Bitcoin ETFs shed $485M in biggest daily outflow since June

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U.S. spot Bitcoin ETFs posted about $485 million to $487 million in net outflows on Oct. 7, with BlackRock’s IBIT and Fidelity’s FBTC among the largest withdrawals. Ether ETFs also posted outflows in the same stretch, and the Bitcoin pullback left October ETF flows negative or erased earlier gains in several reports.

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Key claims & sources

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BlackRock’s IBIT led the withdrawals with $208 million, followed by Fidelity’s FBTC at $105 million.
U.S. Spot Bitcoin ETFs Post $487 Million Net Outflow on Oct. 7
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Bitcoin ETFs erased October’s net inflows with $485 million in withdrawals, while Ether funds logged a seventh straight outflow session.
US Bitcoin ETFs shed $485M in biggest daily outflow since June
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U.S. spot Bitcoin ETFs posted $487.07 million in net outflows on Oct. 7, reversing the prior day’s inflow.
Bitcoin spot ETFs post $487.07 million daily outflow
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US-listed spot Bitcoin ETFs saw a single-day net outflow of $487 million, while Bitcoin fell to $82,000 and October flows moved negative.
Bitcoin ETFs flip October flows negative after $487M outflow

What it means

In practice, the session changed the October flow picture for both Bitcoin and Ether products. What had been monthly inflows for Bitcoin ETFs had been erased, and Ether ETFs were still in an outflow streak, so the market was no longer in the same flow pattern as before.

What remains open is whether the outflow run would continue beyond that week and how far the monthly totals would end up moving. A later update would settle that by showing the next session’s ETF flows and whether Bitcoin and Ether funds kept posting withdrawals or returned to net inflows.

Market reaction i

BitcoinBTC the event is about this asset
first headline
-0.7% 2 h before
+0.4% 4 h after
$82,608price at publication
12data points

The move was larger before the first headline than after. That is an observation, not an explanation: the market also moves on things nobody publishes.

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 8 07:30
Cointelegraph scoop
Breaks the event: $485M
+2 h 39 m
Oct 8 10:09
crypto.news adds
Sharpens the figure: $484.9M; brings into the story: BTC
+4 h 24 m
Oct 8 11:54
Crypto Economy adds
Breaks the figures down; the largest, $691.7M, with quotes
+11 h 25 m
Oct 8 18:55
+12 h 29 m
Oct 8 20:00
NewsBTC adds
Breaks the figures down; the largest, $39.3M, with quotes
+3 d 5 h
Oct 11 13:22
+4 d 21 h
Oct 13 04:51
Crypto Briefing adds
Adds $65.4M; brings into the story: IBIT
+4 d 21 h
Oct 13 05:25
+5 d 3 h
Oct 13 10:59
Cryptonews.com adds
Adds $106B and $65.7B
+5 d 4 h
Oct 13 12:12
Crypto Economy adds
Breaks the figures down; the largest, $788.8M, with quotes

Has this happened before?

WhenWhat happenedFigure
31 days ago U.S. Spot Bitcoin ETFs Draw $119 Million in Net Inflows on Oct. 6 event 1 actors in common · 3 news media
31 days ago Ether Spot ETFs Post $202 Million Outflow for Sixth Straight Day event 1 actors in common · 9 news media
33 days ago Bitcoin ETFs Bag $241 Million Inflow, Ethereum Funds Bleed $138 Million Amid Pressure event 1 actors in common · 4 news media
33 days ago Solana Spot ETFs Post $2.4272 Million in Weekly Net Inflows event 1 actors in common · 2 news media
33 days ago Ether ETF Outflows Hit $55.37 Million as Altcoin Outperformance Persists event 1 actors in common · 2 news media