Key Takeaways
- • U.S. spot Bitcoin ETFs lost $137.94 million in net outflows on October 23, following a $635.49 million outflow on October 22, for a two-session total of approximately $773.43 million, according to SoSoValue data.
- • BlackRock's iShares Bitcoin Trust (IBIT) led Bitcoin withdrawals with $110.34 million in outflows on October 23, while Fidelity's FBTC lost approximately $31.78 million.
- • Morgan Stanley's Bitcoin ETF (MSBT) was the only Bitcoin fund with net inflows on October 23, attracting $4.19 million.
- • U.S. spot Ethereum ETFs recorded $88.58 million in net outflows on October 26, led by BlackRock's ETHA with $104.71 million in withdrawals, partly offset by $16.13 million of inflows into Fidelity's FETH.
- • Combined, the two reported sessions total approximately $226.52 million in net outflows, but the figures cover different dates and should not be treated as a same-day total.
Summary
U.S. spot Bitcoin and Ethereum exchange-traded funds recorded fresh net outflows across two recent trading sessions, according to data from SoSoValue, pointing to continued pressure on demand for regulated crypto investment products. Bitcoin ETFs lost $137.94 million on October 23, following a much larger $635.49 million outflow on October 22. Ethereum ETFs recorded $88.58 million in net outflows on October 26, as reported on October 27.
The Bitcoin withdrawals were concentrated in BlackRock's IBIT, which lost $110.34 million on October 23, and Fidelity's FBTC, with approximately $31.78 million in net outflows. Morgan Stanley's MSBT was the only Bitcoin ETF to record positive flows that session, attracting $4.19 million. Despite the recent redemptions, cumulative historical net inflows across Bitcoin ETFs stood at $57.18 billion, with IBIT accounting for approximately $66.13 billion and MSBT reaching $775.57 million.
In Ethereum, ETHA was the main source of withdrawals with $104.71 million leaving the fund on October 26. FETH attracted $16.13 million, partly offsetting that decline, but not enough to prevent the category ending the session in negative territory. The outflow reversed a $4.35 million net inflow recorded on October 23. Ethereum ETFs held approximately $14.07 billion in total net assets on October 26, around 4.99% of Ethereum's market capitalization, with cumulative historical net inflows of $12.63 billion.
The two figures cover different dates and should not be combined into a single-day total, though together they represent approximately $226.52 million in net outflows. The source notes that aggregate figures can mask divergent fund-level movements, and that total net assets can fall due to redemptions, price declines, or both. Analysts cited in the source caution that these figures do not establish a broad institutional exit from either asset, since several funds continued to attract capital and cumulative inflows remain substantial. Investors will be watching whether IBIT and FBTC return to positive flows and whether ETHA's redemptions continue.
The Bitcoin withdrawals were concentrated in BlackRock's IBIT, which lost $110.34 million on October 23, and Fidelity's FBTC, with approximately $31.78 million in net outflows. Morgan Stanley's MSBT was the only Bitcoin ETF to record positive flows that session, attracting $4.19 million. Despite the recent redemptions, cumulative historical net inflows across Bitcoin ETFs stood at $57.18 billion, with IBIT accounting for approximately $66.13 billion and MSBT reaching $775.57 million.
In Ethereum, ETHA was the main source of withdrawals with $104.71 million leaving the fund on October 26. FETH attracted $16.13 million, partly offsetting that decline, but not enough to prevent the category ending the session in negative territory. The outflow reversed a $4.35 million net inflow recorded on October 23. Ethereum ETFs held approximately $14.07 billion in total net assets on October 26, around 4.99% of Ethereum's market capitalization, with cumulative historical net inflows of $12.63 billion.
The two figures cover different dates and should not be combined into a single-day total, though together they represent approximately $226.52 million in net outflows. The source notes that aggregate figures can mask divergent fund-level movements, and that total net assets can fall due to redemptions, price declines, or both. Analysts cited in the source caution that these figures do not establish a broad institutional exit from either asset, since several funds continued to attract capital and cumulative inflows remain substantial. Investors will be watching whether IBIT and FBTC return to positive flows and whether ETHA's redemptions continue.
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