ETF flows

U.S. Bitcoin ETFs lose $729 million across two sessions

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U.S. spot Bitcoin ETFs posted another day of withdrawals on Oct. 8, and several later reports also tracked the October totals higher as the two-day slide continued into Oct. 9. Ether funds were still in an eight-session outflow run in the same period, while one later update also broke out the seven-day totals for both Bitcoin and Ether products.

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Key claims & sources

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Fidelity’s FBTC accounted for $197 million in withdrawals on Oct. 8, and Franklin’s EZBC was the only reported Bitcoin ETF with an inflow that day, at $4.71 million.
Spot Bitcoin ETFs Suffer $244 Million Net Outflow on Oct. 8
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U.S. spot Bitcoin ETFs recorded $244.1 million in net outflows on Oct. 8, after $484.9 million left the funds on Oct. 7.
U.S. Bitcoin ETFs lose $729 million across two sessions
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Ether ETFs had extended their outflow streak to eight sessions, with one Thursday tally putting the withdrawals at $641 million.
Bitcoin, Ether ETFs’ October outflows swell toward $1B
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Through Oct. 9, Bitcoin products had $407.4 million in October outflows and Ether products had $578.9 million in October outflows.
U.S. Spot Bitcoin, Ether ETFs Near $1 Billion in October Outflows

What it means

Bitcoin ETF traders and issuers would have seen the most immediate effect in the continued withdrawal data: Oct. 8 added another $244.1 million in net outflows, after the prior trading day’s $484.9 million exit. That same period also showed Ether funds still running an eight-session outflow streak, so both products were facing redemptions at the same time.

Market reaction i

BitcoinBTC the event is about this asset
first headline
+0.5% 2 h before
+0.2% 4 h after
$82,386price at publication
11data 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 9 07:06
MEXC scoop
Breaks the event: $57.2B
+28 min
Oct 9 07:34
Cointelegraph adds
Adds $1B and $641M
+5 h 54 m
Oct 9 13:00
+6 h 4 m
Oct 9 13:10
Crypto Briefing context
Its angle: macroeconomic, reassessment, strategies