Key Takeaways
- • U.S. spot Bitcoin ETFs recorded roughly $407.4 million in October outflows, with Farside Investors data showing $484.9 million withdrawn on Wednesday and $244.1 million on Thursday, Oct. 8.
- • Ethereum ETFs extended their losing streak to eight consecutive sessions beginning Sept. 29, with cumulative withdrawals of approximately $641.3 million according to Farside figures.
- • Combined Bitcoin and Ethereum ETF net withdrawals approached $1 billion, as Bitcoin fell below $82,000 after failing to hold gains above $85,000.
- • Glassnode data showed weakening market participation, with seven-day average spot and ETF volume of $6.8 billion daily, below roughly 90% of comparable trading days since January 2024.
- • Franklin Templeton's XRPZ XRP ETF, launched Nov. 24, 2025, offers regulated XRP exposure, while Thailand's SEC announced new crypto ETF rules on Oct. 8 that take effect Oct. 16.
Summary
U.S. spot Bitcoin ETF outflows accelerated through Oct. 8 as cryptocurrency prices retreated, according to The Coin Republic, which cited Farside Investors data. Bitcoin and Ethereum exchange-traded funds recorded combined net withdrawals approaching $1 billion, raising questions about institutional demand after Bitcoin failed to sustain gains above $85,000. Bitcoin ETFs saw $484.9 million in net withdrawals on Wednesday and $244.1 million on Thursday. BlackRock's iShares Bitcoin Trust recorded relatively modest withdrawals, while Fidelity's Wise Origin Bitcoin Fund accounted for $197.1 million, representing most of Thursday's net outflows. Bitcoin closed Oct. 8 at about $81,686, down from $83,282 the previous day, with trading volume of roughly $39.45 billion, up from $26.92 billion on Wednesday.
Ethereum ETFs extended a losing streak that began Sept. 29 to eight consecutive sessions, with Thursday outflows of $72.5 million. BlackRock's iShares Ethereum Trust accounted for $71.1 million of those withdrawals, while Fidelity's Ethereum Fund attracted $5.5 million and Grayscale's Ethereum Trust lost $6.1 million. The cumulative eight-session total reached approximately $641.3 million.
Glassnode research dated Oct. 7 identified weakening participation behind Bitcoin's earlier recovery, estimating a seven-day average spot and ETF trading volume of $6.8 billion daily, a level below roughly 90% of comparable days since January 2024. Fresh capital contributed less than two-fifths of recent realized capitalization growth, and short-term holder profit-taking reached a one-year high, with profitable short-term holdings representing about 86% of Bitcoin inflows to exchanges on Oct. 4. Glassnode identified concentrated liquidation exposure between $81,700 and $83,300, and $85,500 as a potential recovery threshold.
In product and regulatory developments, Franklin Templeton's XRPZ, launched Nov. 24, 2025, tracks the CME CF XRP-Dollar Reference Rate, New York Variant. Unverified social media claims of an $8.17 million inflow into the fund could not be confirmed with fund-level data. Thailand's Securities and Exchange Commission announced rules on Oct. 8 for domestic crypto ETFs, requiring passive funds to track underlying digital assets, with the framework taking effect Oct. 16. Investors will next monitor U.S. ETF flows and the October consumer price index release on Oct. 14.
Ethereum ETFs extended a losing streak that began Sept. 29 to eight consecutive sessions, with Thursday outflows of $72.5 million. BlackRock's iShares Ethereum Trust accounted for $71.1 million of those withdrawals, while Fidelity's Ethereum Fund attracted $5.5 million and Grayscale's Ethereum Trust lost $6.1 million. The cumulative eight-session total reached approximately $641.3 million.
Glassnode research dated Oct. 7 identified weakening participation behind Bitcoin's earlier recovery, estimating a seven-day average spot and ETF trading volume of $6.8 billion daily, a level below roughly 90% of comparable days since January 2024. Fresh capital contributed less than two-fifths of recent realized capitalization growth, and short-term holder profit-taking reached a one-year high, with profitable short-term holdings representing about 86% of Bitcoin inflows to exchanges on Oct. 4. Glassnode identified concentrated liquidation exposure between $81,700 and $83,300, and $85,500 as a potential recovery threshold.
In product and regulatory developments, Franklin Templeton's XRPZ, launched Nov. 24, 2025, tracks the CME CF XRP-Dollar Reference Rate, New York Variant. Unverified social media claims of an $8.17 million inflow into the fund could not be confirmed with fund-level data. Thailand's Securities and Exchange Commission announced rules on Oct. 8 for domestic crypto ETFs, requiring passive funds to track underlying digital assets, with the framework taking effect Oct. 16. Investors will next monitor U.S. ETF flows and the October consumer price index release on Oct. 14.
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