Key Takeaways
- • U.S. spot Bitcoin ETFs recorded $261.46 million in net outflows on Oct. 14, 2026, according to SoSoValue data, reversing $175.62 million in net inflows from the prior trading day.
- • Fidelity's FBTC led redemptions with $152.73 million in outflows, while BlackRock's IBIT shed $110.94 million; the two funds together accounted for $263.67 million.
- • Bitwise's BITB was the only fund to attract inflows, at $2.22 million, while Grayscale's GBTC and BTC and ARK·21Shares' ARKB recorded no net flows.
- • October net outflows now total $276.2 million, though year-to-date net inflows remain positive at $654.2 million.
- • Bitcoin is trading around the $80,000 support level, with September CPI at 3.7% year-over-year reviving concerns about further Federal Reserve rate hikes.
Summary
U.S. Bitcoin spot exchange-traded funds saw $261.46 million in net outflows in a single session on Oct. 14 (local time), according to data compiled by SoSoValue. Tracking service TFTC reported a comparable net outflow of $261.5 million for the same Wednesday, with total net assets across the funds at $105 billion and cumulative net inflows of $56.9 billion since trading began on January 11, 2024. The outflows were concentrated in flagship products from Fidelity and BlackRock, a pattern that signals renewed caution among institutional investors.
The reversal was sharp. On Oct. 13, the funds had taken in $175.62 million, with Fidelity's Wise Origin Bitcoin Fund (FBTC) pulling in $103.06 million and BlackRock's iShares Bitcoin Trust (IBIT) attracting $65.89 million. On Oct. 14, FBTC posted the largest single-product exodus at $152.73 million, and IBIT recorded net outflows of $110.94 million. Bitwise's BITB was the only product with inflows, at $2.22 million, which only partially offset the losses.
Flows have been volatile throughout October. The funds shed $729 million over two consecutive days, with $484.9 million leaving on Oct. 7 and $244.1 million on Oct. 8. Subsequent sessions were mixed, including $21.1 million in inflows on Oct. 9, $65.4 million in outflows on Oct. 12 and $109.8 million in inflows on Oct. 13. Cumulative October net outflows now stand at $276.2 million, though year-to-date net inflows remain at $654.2 million.
Bitcoin has traded in a narrow band around $80,000. It dipped to $80,337 before rebounding above $82,000, and approached $83,400 on Oct. 14. Analysts view $83,000 as near-term resistance, with some suggesting a breakout could open a path toward the $85,000 to $87,000 range, while the $80,000 level is being watched as key support. Macro conditions are weighing on the asset: September's U.S. CPI rose 3.7% year-over-year, reviving concerns about additional Federal Reserve rate hikes. Rising Treasury yields and a stronger dollar tend to reduce the appeal of risk assets. Market strategists also cite climbing oil prices, surging bond yields and forced liquidations of highly leveraged positions as factors behind the recent weakness.
The reversal was sharp. On Oct. 13, the funds had taken in $175.62 million, with Fidelity's Wise Origin Bitcoin Fund (FBTC) pulling in $103.06 million and BlackRock's iShares Bitcoin Trust (IBIT) attracting $65.89 million. On Oct. 14, FBTC posted the largest single-product exodus at $152.73 million, and IBIT recorded net outflows of $110.94 million. Bitwise's BITB was the only product with inflows, at $2.22 million, which only partially offset the losses.
Flows have been volatile throughout October. The funds shed $729 million over two consecutive days, with $484.9 million leaving on Oct. 7 and $244.1 million on Oct. 8. Subsequent sessions were mixed, including $21.1 million in inflows on Oct. 9, $65.4 million in outflows on Oct. 12 and $109.8 million in inflows on Oct. 13. Cumulative October net outflows now stand at $276.2 million, though year-to-date net inflows remain at $654.2 million.
Bitcoin has traded in a narrow band around $80,000. It dipped to $80,337 before rebounding above $82,000, and approached $83,400 on Oct. 14. Analysts view $83,000 as near-term resistance, with some suggesting a breakout could open a path toward the $85,000 to $87,000 range, while the $80,000 level is being watched as key support. Macro conditions are weighing on the asset: September's U.S. CPI rose 3.7% year-over-year, reviving concerns about additional Federal Reserve rate hikes. Rising Treasury yields and a stronger dollar tend to reduce the appeal of risk assets. Market strategists also cite climbing oil prices, surging bond yields and forced liquidations of highly leveraged positions as factors behind the recent weakness.
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