The twelve US-listed spot exchange-traded funds holding Bitcoin (BTC) closed October with $515.9 million in net outflows, a monthly balance that remained positive until the final trading session decided the outcome. Because issuers disclose creations and redemptions after every trading day, the result shows how sensitive a monthly tally can be to a single session.

The figures are based on issuer creation and redemption disclosures, summed across the 22 US trading days from October 1 through the end of the month. Net flows — creations minus redemptions — are the standard measure of how much capital entered or left these products over a given period. These disclosures record primary-market activity reported by the funds themselves, which is separate from the secondary-market trading that takes place on exchanges.

Although the aggregate monthly total ended negative, the monthly balance had stayed in positive territory throughout the period, with the final session's result tipping the overall October figure into outflows.

US spot Bitcoin ETFs began trading in January 2024, after the US Securities and Exchange Commission approved the first wave of listings. The funds hold Bitcoin directly, and their issuers report daily creation and redemption activity, data that market observers use to track demand for regulated, exchange-traded exposure to the largest cryptocurrency.

With October's figure now settled, the same daily creation and redemption disclosures will assemble November's monthly record session by session, giving market observers a running view of how demand for these products develops.

This report was first published by COINOTAG: https://en.coinotag.com/bitcoin-btc-etfs-515-9m-october-net-outflows