Key Takeaways
- • US spot Bitcoin ETFs recorded $244.1 million in net outflows on Thursday, October 8, 2026, per Farside Investors, extending the prior session's $484.9 million withdrawal.
- • Fidelity's FBTC accounted for $197.1 million of the October 8 Bitcoin outflows, roughly 81% of the category's net redemptions.
- • Solana ETFs lost a further $3.5 million, while Ethereum ETF figures remained incomplete, with about $1.4 million in reported net redemptions excluding pending BlackRock ETHA and ETHB data.
- • Across Bitcoin, Ethereum and Solana products, reported net outflows stood at approximately $249 million before missing Ethereum figures were incorporated.
- • Combined two-day Bitcoin ETF outflows reached roughly $729 million, indicating sustained institutional and retail reduction of crypto exposure.
Summary
US-listed spot cryptocurrency exchange-traded funds recorded another session of net withdrawals on Thursday, October 8, 2026, as investors continued to reduce exposure to Bitcoin, Ethereum and Solana products. According to Farside Investors, spot Bitcoin ETFs saw $244.1 million in net outflows on October 8, following a substantially larger $484.9 million withdrawal on October 7. Over the two sessions, Bitcoin ETF redemptions totaled approximately $729 million.
Fidelity's Wise Origin Bitcoin Fund (FBTC) was the largest source of selling, losing $197.1 million on the day, or approximately 81% of the category's net outflow. Other notable redemptions included Bitwise's BITB ($17.7 million), ARK Invest and 21Shares' ARKB ($20.3 million) and Grayscale's GBTC ($8.2 million). BlackRock's iShares Bitcoin Trust (IBIT) recorded a comparatively modest $5.5 million outflow after shedding $207.7 million in the prior session. Franklin Templeton's EZBC was the only Bitcoin fund with meaningful positive flows, attracting $4.7 million, while the remaining Bitcoin products recorded no net movement.
Ethereum ETF data remained incomplete at the time of reporting. The latest available figures showed approximately $1.4 million in net redemptions among reporting funds, excluding pending figures for BlackRock's ETHA and ETHB. An earlier Farside snapshot had shown Ethereum withdrawals of $72.5 million, including $71.1 million from ETHA, indicating that the published numbers were being revised during the reporting period. Solana ETFs recorded a further $3.5 million in net withdrawals, extending their negative streak. Across the three categories, reported net outflows totaled approximately $249 million before the missing Ethereum data is incorporated.
Fidelity's Wise Origin Bitcoin Fund (FBTC) was the largest source of selling, losing $197.1 million on the day, or approximately 81% of the category's net outflow. Other notable redemptions included Bitwise's BITB ($17.7 million), ARK Invest and 21Shares' ARKB ($20.3 million) and Grayscale's GBTC ($8.2 million). BlackRock's iShares Bitcoin Trust (IBIT) recorded a comparatively modest $5.5 million outflow after shedding $207.7 million in the prior session. Franklin Templeton's EZBC was the only Bitcoin fund with meaningful positive flows, attracting $4.7 million, while the remaining Bitcoin products recorded no net movement.
Ethereum ETF data remained incomplete at the time of reporting. The latest available figures showed approximately $1.4 million in net redemptions among reporting funds, excluding pending figures for BlackRock's ETHA and ETHB. An earlier Farside snapshot had shown Ethereum withdrawals of $72.5 million, including $71.1 million from ETHA, indicating that the published numbers were being revised during the reporting period. Solana ETFs recorded a further $3.5 million in net withdrawals, extending their negative streak. Across the three categories, reported net outflows totaled approximately $249 million before the missing Ethereum data is incorporated.
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