WuBlockchain
U.S. spot Bitcoin ETFs recorded $487 million in net outflows on Oct. 7, with BlackRock’s IBIT accounting for $208 million in withdrawals. Spot Ethereum ETFs lost another $161 million, including $116 million from BlackRock’s ETHA.
Why it matters
The outflows hit both Bitcoin and Ethereum spot ETF markets, pointing to a broad retreat from these institutional investment products on the day. BlackRock’s funds made up a substantial share of withdrawals in each group.
Market impact
The figures mark a sharp risk-off signal in ETF flows, but one day of outflows does not establish a longer-term trend. Investors will be watching whether withdrawals persist or reverse in subsequent sessions.
Frequently asked questions
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How much did U.S. spot Bitcoin ETFs lose on Oct. 7?
U.S. spot Bitcoin ETFs recorded $487 million in net outflows on Oct. 7.
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Which Bitcoin ETF led the withdrawals?
BlackRock’s IBIT led Bitcoin ETF withdrawals with $208 million in outflows.
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How much did spot Ethereum ETFs lose?
Spot Ethereum ETFs recorded $161 million in net outflows.
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How much did BlackRock’s ETHA account for in Ethereum ETF outflows?
BlackRock’s ETHA accounted for $116 million of the $161 million in spot Ethereum ETF outflows.
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Do these one-day outflows establish a longer-term trend?
No. The figures capture one day of withdrawals; subsequent sessions will show whether outflows persist or reverse.
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