Key Takeaways
- • US spot Bitcoin ETFs recorded $485 million in net outflows on Wednesday, October 7, 2026, their largest single-day withdrawal since June 25, when investors pulled $691.7 million.
- • The outflows erased the $321.6 million accumulated over October's first four trading sessions, leaving the funds with roughly $163 million in net outflows for the month.
- • BlackRock's iShares Bitcoin Trust (IBIT) led the redemptions at $207.7 million, followed by Fidelity's FBTC ($105.1 million) and ARK 21Shares' ARKB ($101.7 million).
- • US spot Ether ETFs saw a combined $160.9 million in outflows on October 7, with $116.1 million from BlackRock's iShares Ethereum Trust (ETHA), following roughly $202 million in net Ether outflows the prior session.
- • Bitcoin traded near $82,700 on October 8, down about 2% over 24 hours, per CoinGecko.
Summary
US spot Bitcoin ETFs posted $485 million in net outflows on Wednesday, October 7, 2026, according to data from Farside Investors as reported by Cointelegraph. The withdrawals reversed the funds' early-October gains and pushed month-to-date flows negative, to approximately $163 million in net outflows. It was the largest daily outflow since June 25, when investors pulled $691.7 million. The reversal came just one session after a positive day on October 6, when Bitcoin ETFs took in $118.8 million, including $122 million into BlackRock's iShares Bitcoin Trust, according to crypto.news.
BlackRock's IBIT recorded the largest single-day withdrawal at $207.7 million. Fidelity's FBTC lost $105.1 million and ARK 21Shares' ARKB posted $101.7 million in outflows. Additional figures reported by crypto.news showed $27.6 million leaving Bitwise's BITB and $39.3 million leaving Grayscale's GBTC.
Ether ETFs also saw significant redemptions. US spot Ether funds recorded a combined $160.9 million in outflows on October 7, with $116.1 million tied to BlackRock's iShares Ethereum Trust (ETHA) and $25.8 million from Grayscale's Ethereum Trust (ETHE), per Farside Investors. This followed a substantial session on October 6, when ETHA alone lost $201.89 million, accounting for the sector's roughly $202 million net outflow that day, according to Crypto Briefing.
Bitcoin was trading near $82,700 on Thursday, October 8, down about 2% over the preceding 24 hours, according to CoinGecko.
BlackRock's IBIT recorded the largest single-day withdrawal at $207.7 million. Fidelity's FBTC lost $105.1 million and ARK 21Shares' ARKB posted $101.7 million in outflows. Additional figures reported by crypto.news showed $27.6 million leaving Bitwise's BITB and $39.3 million leaving Grayscale's GBTC.
Ether ETFs also saw significant redemptions. US spot Ether funds recorded a combined $160.9 million in outflows on October 7, with $116.1 million tied to BlackRock's iShares Ethereum Trust (ETHA) and $25.8 million from Grayscale's Ethereum Trust (ETHE), per Farside Investors. This followed a substantial session on October 6, when ETHA alone lost $201.89 million, accounting for the sector's roughly $202 million net outflow that day, according to Crypto Briefing.
Bitcoin was trading near $82,700 on Thursday, October 8, down about 2% over the preceding 24 hours, according to CoinGecko.
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