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Home · News · Spot bitcoin ETFs lose $635 million in a day, their biggest

Spot bitcoin ETFs lose $635 million in a day, their biggest outflow since June, wiping out October gains after a $1.08 billion run

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⚪Neutral for $BTCThe $635 million Thursday outflow pushed October back into net outflows, but the funds were still about $443 million positive for the week, so the flow picture is mixed.News sentiment, not financial advice. It reflects the likely impact of this news, not a price prediction.

Summary

U.S. spot bitcoin ETFs lost about $635 million on Thursday, Oct. 22, the largest single-day outflow since June, more than erasing Wednesday's $528 million and pushing October back to about $175 million of net outflows, Cointelegraph reported citing SoSoValue; The Block put it at $635.6 million, led by BlackRock's IBIT ($254.1 million) and Fidelity's FBTC ($217.5 million).

That ended a three-session run (Oct. 19-21) that brought in $1.08 billion, including about $527 million on Monday, the biggest day since Sept. 22, per The Block, CoinDesk and Cointelegraph; the funds were still about $443 million positive for the week, per Cointelegraph and The Block.

The run had followed two weeks that drained about $910 million: $228.6 million in net outflows for the week ending Oct. 16 and $681.1 million the week before, Decrypt reported citing SoSoValue.

CoinDesk's earlier, preliminary SoSoValue figure for Thursday was a smaller $381 million outflow; The Block, Cointelegraph and a later CoinDesk report all use the roughly $635 million figure.

Spot ether ETFs lost about $111 million on Thursday while XRP ETFs drew about $3.6 million, according to The Block and Cointelegraph.

Updates

  • Update, : Oct. 19: Cointelegraph, citing SoSoValue, put last week’s spot bitcoin ETF outflows at about $229 million and spot Ether ETF outflows at $320 million, $549 million combined; Ether funds have lost about $955 million in October.
  • Update, : Oct. 20: U.S. spot bitcoin ETFs took in about $527 million on Monday, Oct. 19, their biggest day since Sept. 22, all of it from BlackRock’s IBIT ($665.2 million), per SoSoValue and Farside data reported by The Block, CoinDesk and Cointelegraph.
  • Update, : Oct. 20: Decrypt put Monday’s spot bitcoin ETF intake at $526.7 million, the most since $714.7 million on Sept. 22, and said spot Ether ETFs lost $103 million (a fourth straight day of outflows) and Solana ETFs $6.7 million the same day, per SoSoValue. It said the bitcoin funds remain about $88 million negative for October, with the Federal Reserve meeting Oct. 27-28.
  • Update, : Oct. 22: Spot bitcoin ETFs took in $528 million on Wednesday, Oct. 21, led by IBIT ($235 million) and FBTC (about $213 million), bringing three-day inflows to $1.08 billion and October back to roughly $461 million of net inflows, per SoSoValue and Farside data reported by The Block, Cointelegraph and CoinDesk. Ether ETFs ended a five-day outflow streak with about $15 million in.
  • Update, : Oct. 22: Decrypt also reported the turnaround, putting three-session inflows at about $1.07 billion and October at a net gain of roughly $460 million, even as bitcoin and ether prices slipped.
  • Update, : Oct. 22: The three-day inflow streak ended on Thursday, when U.S.-listed spot bitcoin ETFs lost $381 million in outflows, according to preliminary SoSoValue data reported by CoinDesk.
  • Update, : Oct. 23: Fuller data put Thursday's (Oct. 22) spot bitcoin ETF outflow at about $635 million, the largest since June, more than erasing Wednesday's $528 million and pushing October back to about $175 million of net outflows, per The Block and Cointelegraph (SoSoValue); CoinDesk's earlier preliminary figure was $381 million. IBIT led with $254.1 million out, while ether ETFs lost about $111 million and XRP ETFs took in about $3.6 million.
  • Update, : Oct. 23: Decrypt's ETF tracker also put Thursday's spot bitcoin ETF outflow at $635.6 million, the biggest of the month, and said it erased nearly 60% of the roughly $1.07 billion taken in over the prior three sessions, leaving October about $176 million in the red. Decrypt put Thursday's ether ETF outflow at $110.6 million and Solana ETF outflows at $8.9 million.
  • Update, : Oct. 23: Bitcoin Magazine also reported the more than $635 million one-day outflow on Thursday, tying it to a spike in oil prices after a week of buying.
  • Update, : Oct. 25: U.S. spot bitcoin ETFs lost another $137.9 million on Friday, Oct. 23, a second straight day of outflows totaling about $773.5 million, but still finished the week up roughly $301 million, ending a two-week losing streak, according to Decrypt's ETF tracker. Decrypt put the funds about $314 million in the red for October, with ether ETFs down about $221 million on the week and roughly $1.18 billion for the month.
  • Update, : Update (Oct. 27): Cointelegraph reported U.S. spot bitcoin ETFs took in about $110 million on Monday after a $774 million exit, but remained about $202 million in net outflows for October.

Key facts

  • Decrypt reported a $175.7 million inflow on Tuesday, $261.4 million in redemptions Wednesday, a $5.1 million inflow Thursday and $82.4 million of outflows Friday, per its ETF tracker. (Decrypt)
  • Decrypt said the funds opened October with about $293 million in inflows before turning to a roughly $615 million monthly net outflow, with the Oct. 7 exit of $484.9 million the worst day since June; Ethereum and Solana ETFs have also been in the red this month. (Decrypt)
  • Decrypt said bitcoin briefly slipped below $80,000 on Thursday and nearly $950 million in leveraged crypto positions were liquidated over 24 hours, about 90% of them longs, according to CoinGlass. (Decrypt)
  • Nexo analyst Iliya Kalchev told Decrypt the drop pushed bitcoin below the average ETF holder’s estimated cost basis near $82,300; Decrypt said bitcoin closed Friday near $81,590, down from about $82,337 a week earlier. (Decrypt)
  • Decrypt put cumulative net inflows since the January 2024 launch at $57.3 billion and total net assets at $104.29 billion per SoSoValue ($100.2 billion per Decrypt’s own tracker). (Decrypt)
  • Crypto Briefing put cumulative inflows since launch at about $56.88 billion, total assets at $104.29 billion as of mid-October and combined holdings at roughly 1.276 million BTC, noting the month’s outflows are well under 1% of assets. (Crypto Briefing)
  • Cointelegraph, citing SoSoValue, said spot Ether ETFs lost $320 million last week, their third straight weekly outflow, and about $955 million so far in October, more than any other month this year. (Cointelegraph)
  • Cointelegraph said both bitcoin and Ether ETFs remain net positive for 2026, with about $259 million and $610 million of year-to-date inflows respectively. (Cointelegraph)
  • The Block said IBIT’s $665.16 million was its biggest single-day inflow since Oct. 7, 2025, and that IBIT has $66.37 billion in net assets. (The Block)
  • CoinDesk said Fidelity’s FBTC lost $83.6 million and Grayscale’s GBTC $54.9 million on Monday while the other funds had no net flows, and that spot Ether ETFs lost $103.3 million, their fourth straight day of outflows, $95.4 million of it from BlackRock’s ETHA. (CoinDesk)
  • After Monday, the funds were still about $90.5 million negative for October by CoinDesk’s calculation from SoSoValue data, or about $88 million by Farside’s figures, Cointelegraph said. (Cointelegraph)
  • Presto Research associate researcher Min Jung told The Block the driver of IBIT’s inflows is unclear but investors could be positioning for a “catch-up trade” in bitcoin. (The Block)
  • The Block said Grayscale's and Bitwise's funds took a combined $51.2 million on Wednesday, and put cumulative net inflows since January 2024 at about $58 billion with net assets of $109.3 billion, per SoSoValue. (The Block)
  • Cointelegraph said Tuesday's intake was $23 million and year-to-date net inflows reached $1.34 billion; Solana ETFs snapped a 13-day outflow streak with about $585,000 and XRP ETFs added about $709,000. (Cointelegraph)
  • CoinDesk said past steep bitcoin rallies ran on about $235 million a day of net ETF inflows, a pace the funds have yet to match. (CoinDesk)
  • U.S.-listed spot bitcoin ETFs saw $381 million of outflows on Thursday, Oct. 22, per preliminary SoSoValue data. (CoinDesk)
  • U.S. spot bitcoin ETFs had $635.6 million of net outflows on Thursday, Oct. 22, led by IBIT ($254.1 million), FBTC ($217.5 million) and ARKB ($109.4 million), while Morgan Stanley's MSBT added $2.3 million, per data compiled by The Block. (The Block)
  • Thursday's outflow was the largest since June 25 ($696 million) and left October at about $175 million of net outflows, though the week was still about $443 million positive, per SoSoValue data cited by Cointelegraph. (Cointelegraph)
  • On Thursday, ether ETFs lost about $111 million, Solana ETFs about $9 million and Hyperliquid ETFs about $8 million, while XRP ETFs drew about $3.6 million, Cointelegraph reported. (Cointelegraph)
  • Decrypt said cumulative net inflows into spot bitcoin ETFs since launch slipped to $57.8 billion, with total net assets of $100.2 billion. (Decrypt)
  • Spot bitcoin ETFs have drawn $57.6 billion in cumulative net inflows since January 2024 and hold $100.2 billion in total net assets, per Decrypt's ETF tracker. (Decrypt)

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