Bitcoin ETFs post $636M outflow, the biggest daily exit since June
US spot Bitcoin ETFs reversed Wednesday's inflows on Thursday, led by withdrawals from BlackRock's IBIT and Fidelity's FBTC.
ETFS & INSTITUTIONS
CoinShark Newsroom
10/23/20261 min read
US spot Bitcoin ETFs recorded $635.6 million in net outflows on Thursday, October 22, the largest single-day exit since June. The withdrawals erased Wednesday's $528.4 million in inflows.
BlackRock's IBIT led with $254.1 million in outflows, followed by Fidelity's FBTC at $217.5 million and the ARK 21Shares fund ARKB at $109.4 million. Bitwise's BITB and Grayscale's GBTC also lost money, while Morgan Stanley's MSBT added $2.3 million.
Despite Thursday's exit, the funds are still up $442.7 million for the week. Since launching in January 2024, US spot Bitcoin ETFs have attracted more than $57 billion in net inflows and hold over $100 billion in assets. Ether ETFs lost $110.6 million on the same day.
Source: The Block, SoSoValue data.