Bitcoin ETFs Lose $485M as Five-Day Outflows Deepen
The $1.76B 30-day inflow remains positive, but another run of redemptions could put that medium-term demand signal under pressure.
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The $1.76B 30-day inflow remains positive, but another run of redemptions could put that medium-term demand signal under pressure.
The reversal puts October flows $165.6M in the red after September’s $2.65B inflow, weakening a key source of demand as Bitcoin tests support.
Ethereum ETFs also lost $161M, showing that withdrawals spanned both major spot crypto fund markets.
The opposing flows show a sharp split between demand for Bitcoin ETF exposure and withdrawals from Ethereum funds.
Positive U.S. spot ETF flows and forced futures closures occurred together, but their figures cannot be netted into a measure of buying or selling pressure.
September's $2.6B in spot ETF buying has cooled to $28M so far this week, leaving renewed institutional demand as a key test for a breakout.
BlackRock led both sides of the split: IBIT took in $122M while ETHA accounted for all spot Ether ETF outflows.
The accounting benefit is tied to Strategy’s own Bitcoin valuation, not ETF flows or shareholder break-even prices. The filing also separates September’s tax adjustment from a later holdings snapshot.
Bitcoin funds remained net positive over seven days, while Ethereum ETFs recorded outflows across both the daily and weekly windows.
The split flow put BlackRock's IBIT and ETHA among the sole funds in their respective groups to record net inflows.
The funds still need effective registration statements before trading, and daily resets can magnify losses as well as gains.
The split in weekly flows puts Bitcoin and Ethereum ETF demand on different tracks, with Bitcoin products extending a three-week inflow streak.
The bullish scenario depends on a sustained rally. BTC is near $84,500, with weak momentum and several resistance levels still ahead.
The seven-day figures show the same split, with net inflows to Bitcoin ETFs and net outflows from Ethereum ETFs.
The rally has support from renewed fund demand, but short covering may have amplified the move before a US jobs report tests whether it holds.
His two-year thesis rests on US policy opening more room for digital assets, while Solana and Chainlink advance network infrastructure.
Both ETF groups remain net positive over seven days, putting the Oct 1 withdrawals in a different light from the broader flow figures.
The reversal leaves the funds net positive for 2026, while Ethereum ETFs have recorded outflows for two straight days.
A nine-day ETF inflow streak has ended, leaving Bitcoin without the buying pace analysts say it needs to clear a dense supply zone.
A historical fourth-quarter average puts $147,000 on the math, but heavy supply above $84,000 and rising bond yields make sustained spot demand the nearer test.