Bitcoin ETFs Post $635 Million in Daily Outflows as October Flows Turn Negative
Key Takeaways
- •US spot Bitcoin ETFs recorded $635 million in net outflows on Thursday, the largest single-day withdrawal since June 25, when $696 million exited in one session.
- •The outflows reversed October's monthly tally to a net loss of $175 million, more than erasing Wednesday's $528 million in net inflows and ending a three-day inflow streak worth $1.08 billion.
- •Despite the daily pullback, spot Bitcoin ETFs remain positive on a weekly timeframe with $443 million in net inflows, following two consecutive weeks of outflows.
- •Altcoin ETFs also saw mostly negative flows on Thursday, with Ether funds posting about $111 million in outflows, Solana funds roughly $9 million, and Hyperliquid funds around $8 million, while XRP ETFs attracted approximately $3.6 million in inflows.
- •Bitcoin traded between $80,996 and $82,551 on Thursday, down from Wednesday's intraday high of $84,777, and was changing hands near $81,783 at publication, a decline of about 1% over the past 24 hours.
US spot Bitcoin exchange-traded funds (ETFs) recorded $635 million in net outflows on Thursday, pushing October's cumulative flows back into negative territory, according to data from SoSoValue. Net flow figures capture the daily gap between shares created and redeemed, so a single session can meaningfully move a fund complex's monthly tally.
The single-day withdrawal was the largest since June 25, when Bitcoin ETFs lost $696 million in a single session, and it snapped a three-day inflow streak that had attracted a combined $1.08 billion. Thursday's outflows also more than erased the $528 million in net inflows recorded on Wednesday, leaving US spot Bitcoin ETFs with $175 million net outflows for October as a whole — a tally that the remaining sessions of the month will add to or trim.
Despite the daily pullback, the funds remain in positive territory on a weekly timeframe, having posted $443 million in weekly net inflows. That weekly gain followed two consecutive weeks of net outflows prior to the recent rebound, underscoring how quickly the flow picture has swung in recent weeks.
Spot Bitcoin ETFs, which hold the cryptocurrency directly and began trading on US exchanges in January 2024 following approval by the US Securities and Exchange Commission, are widely watched as a gauge of institutional demand for Bitcoin because they allow investors to gain exposure through standard brokerage accounts. Ether, Solana and XRP ETFs have since followed, broadening the range of crypto-linked funds available to US investors.
Bitcoin traded in a range between $80,996 and $82,551 on Thursday, down from Wednesday's intraday high of $84,777. At the time of publication, BTC was changing hands at approximately $81,783, a decline of around 1% over the past 24 hours, according to CoinGecko.
Altcoin ETFs also saw mostly negative flows on Thursday. Ether ETFs recorded roughly $111 million in net outflows, according to SoSoValue, followed by Solana ETFs with about $9 million in withdrawals and Hyperliquid (HYPE) ETFs with around $8 million in outflows. XRP ETFs bucked the trend, attracting approximately $3.6 million in inflows — a divergence showing that demand for crypto funds can differ asset by asset even within a single session.
Related: Bitcoin circles $81.5K ETF cost basis as Trump Iran comments send stocks lower
