Key Takeaways
- • US spot Bitcoin ETFs recorded $484.9 million in net outflows on Oct. 7, 2026, their largest single-day withdrawal since June 25, according to Farside Investors data.
- • Ether ETFs posted $160.9 million in outflows the same day, extending their losing streak to seven consecutive sessions. Combined outflows across both categories reached roughly $646 million.
- • BlackRock's IBIT led the exodus with $207.7 million in outflows, followed by Fidelity's FBTC at $105.1 million and ARK 21Shares' ARKB at $101.7 million.
- • The withdrawals erased early-October inflows, leaving Bitcoin ETFs about $163 million in the red for the month.
- • Average daily institutional inflows fell from $341.7 million in mid-September to roughly $35 million in early October, signaling cooling demand for digital asset exposure.
Summary
US spot cryptocurrency exchange-traded funds recorded their heaviest single-day exodus in months on Wednesday, Oct. 7, as investors pulled a combined $645.8 million from Bitcoin and Ether products. According to data from Farside Investors, US spot Bitcoin ETFs posted $484.9 million in net outflows, reversing a $118.8 million inflow from the prior session. The outflow was the largest daily withdrawal since June 25, when the same funds lost $691.7 million.
The selling erased the $321.6 million in net inflows accumulated over the first four trading days of October, leaving the Bitcoin ETF category roughly $163 million in the red for the month. Three funds accounted for the bulk of the redemptions. BlackRock's iShares Bitcoin Trust (IBIT) saw $207.7 million leave its holdings, a sharp reversal from the $122 million it attracted a day earlier. Fidelity's Wise Origin Bitcoin Fund (FBTC) lost $105.1 million, and ARK 21Shares' ARKB shed $101.7 million.
Ether ETFs fared similarly, posting $160.9 million in outflows on the same day and extending their losing streak to seven consecutive sessions. Bitcoin traded near $82,700, down about 2% over 24 hours, while Ether changed hands around $2,430.
The outflows reflect a marked slowdown in institutional demand. Daily inflows averaged $341.7 million in mid-September but had fallen to roughly $35 million in early October. The data point to a broader cooling of institutional appetite for digital asset exposure, though the reporting does not attribute the shift to a single catalyst.
The selling erased the $321.6 million in net inflows accumulated over the first four trading days of October, leaving the Bitcoin ETF category roughly $163 million in the red for the month. Three funds accounted for the bulk of the redemptions. BlackRock's iShares Bitcoin Trust (IBIT) saw $207.7 million leave its holdings, a sharp reversal from the $122 million it attracted a day earlier. Fidelity's Wise Origin Bitcoin Fund (FBTC) lost $105.1 million, and ARK 21Shares' ARKB shed $101.7 million.
Ether ETFs fared similarly, posting $160.9 million in outflows on the same day and extending their losing streak to seven consecutive sessions. Bitcoin traded near $82,700, down about 2% over 24 hours, while Ether changed hands around $2,430.
The outflows reflect a marked slowdown in institutional demand. Daily inflows averaged $341.7 million in mid-September but had fallen to roughly $35 million in early October. The data point to a broader cooling of institutional appetite for digital asset exposure, though the reporting does not attribute the shift to a single catalyst.
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