Key Takeaways
- • U.S. spot Bitcoin ETFs recorded an outflow of about $635 million on October 22, 2026, their largest single-day withdrawal since June 25, according to Pluang's report.
- • BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund together accounted for roughly 74% of the October 22 outflow.
- • The outflow ended a three-day inflow streak totaling about $1.1 billion, and outflows continued on October 23 at $137.9 million.
- • Bitcoin was trading near $80,000 per a related Pluang report, with 41 of 50 major cryptocurrencies falling on October 24 per Pluang's market snapshot.
Summary
U.S. spot Bitcoin exchange-traded funds experienced a sharp reversal on October 22, 2026, with net outflows of about $635 million, the largest daily withdrawal since June 25, according to Pluang. The outflow followed three consecutive days of net inflows totaling roughly $1.1 billion, indicating a sudden shift in investor sentiment toward the products.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund accounted for approximately 74% of the total October 22 outflow, concentrating the redemptions among two of the largest issuers. Outflows persisted into October 23, when the funds recorded a further $137.9 million in net withdrawals, highlighting continued volatility in Bitcoin ETF flows.
A related Pluang report placed Bitcoin's price near $80,000 at the time of the outflows. Broader crypto markets were weak as of October 24, 2026 at 12:21 WIB, with 8 of 50 major cryptocurrencies rising and 41 falling, according to Pluang's market snapshot. Notable decliners included DOT, down 7.60%, and SAND, down 7.15%, while EOS gained 8.13%.
The flow reversal comes ahead of the Federal Reserve's October 27-28 meeting, where the consensus expects interest rates to remain unchanged, according to a separate Pluang market note. Traders are reportedly cautious ahead of that decision.
BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund accounted for approximately 74% of the total October 22 outflow, concentrating the redemptions among two of the largest issuers. Outflows persisted into October 23, when the funds recorded a further $137.9 million in net withdrawals, highlighting continued volatility in Bitcoin ETF flows.
A related Pluang report placed Bitcoin's price near $80,000 at the time of the outflows. Broader crypto markets were weak as of October 24, 2026 at 12:21 WIB, with 8 of 50 major cryptocurrencies rising and 41 falling, according to Pluang's market snapshot. Notable decliners included DOT, down 7.60%, and SAND, down 7.15%, while EOS gained 8.13%.
The flow reversal comes ahead of the Federal Reserve's October 27-28 meeting, where the consensus expects interest rates to remain unchanged, according to a separate Pluang market note. Traders are reportedly cautious ahead of that decision.
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