Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $409.2 million in net outflows between October 12 and 16, 2026, according to TradingView, though this marked an improvement from $818.8 million in outflows the prior week (October 5-9).
- • BlackRock's IBIT led weekly withdrawals with roughly $240 million, followed by Fidelity's FBTC with approximately $163.2 million in net outflows.
- • Bitcoin fell below $81,000, touching a low near $80,250, and remains unable to reclaim the $84,000 level.
- • Rising U.S.-Iran tensions, Brent crude near $106 a barrel, and U.S. 10-year Treasury yields at 5.25% added pressure on risk assets.
Summary
U.S. spot Bitcoin ETFs recorded $409.2 million in total outflows between October 12 and 16, 2026, per TradingView's report, while attracting $180.8 million in inflows over the same period. BlackRock's IBIT was the largest source of withdrawals, with around $240 million redeemed, followed by Fidelity's FBTC at approximately $163.2 million. The outflows represented a meaningful easing from the prior week, when Bitcoin ETFs saw $818.8 million in outflows between October 5 and 9, a decline of about 50%. Even so, the report characterizes the continued withdrawals as evidence that institutional demand remains weak.
Bitcoin's price has continued to decline despite the slower pace of ETF redemptions. BTC fell from around $87,000 the prior week to $80,395, then recovered to $84,352 before the rebound failed to hold. Bitcoin subsequently dropped below $81,000, touching a low near $80,250. Analysts cited in the report indicate that the next move will depend on whether ETF outflows keep easing and whether economic and geopolitical tensions subside.
Geopolitical developments added to market pressure. Per the report, citing IRIB state media correspondent Morteza Ghoroghi, the U.S. reportedly asked Iran for permission to strike the Pickaxe Mountain nuclear site without retaliation, and Iran rejected the request. An Iranian official warned that "Trump's statements today point to war within the next 24 hours," adding that Iranian military forces were in a state of complete readiness. Tensions over shipping routes have kept Brent crude near $106 a barrel, while U.S. 10-year Treasury yields have climbed to 5.25%.
For Bitcoin to stabilize, the report notes it needs to reclaim the $84,000 level and prevent further declines.
Bitcoin's price has continued to decline despite the slower pace of ETF redemptions. BTC fell from around $87,000 the prior week to $80,395, then recovered to $84,352 before the rebound failed to hold. Bitcoin subsequently dropped below $81,000, touching a low near $80,250. Analysts cited in the report indicate that the next move will depend on whether ETF outflows keep easing and whether economic and geopolitical tensions subside.
Geopolitical developments added to market pressure. Per the report, citing IRIB state media correspondent Morteza Ghoroghi, the U.S. reportedly asked Iran for permission to strike the Pickaxe Mountain nuclear site without retaliation, and Iran rejected the request. An Iranian official warned that "Trump's statements today point to war within the next 24 hours," adding that Iranian military forces were in a state of complete readiness. Tensions over shipping routes have kept Brent crude near $106 a barrel, while U.S. 10-year Treasury yields have climbed to 5.25%.
For Bitcoin to stabilize, the report notes it needs to reclaim the $84,000 level and prevent further declines.
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