Bitcoin
US Spot Bitcoin ETFs Log $484.9 Million in Daily Net Outflows
US spot Bitcoin exchange-traded funds recorded nearly half a billion dollars in redemptions on October 7, led by withdrawals from BlackRock's fund.
US spot Bitcoin exchange-traded funds saw combined net outflows of $484.9 million on October 7, according to data from Farside Investors. The sharp downturn followed a positive session on October 6, when the group brought in $118.8 million in net inflows.
Withdrawals were widespread across major issuers rather than concentrated in legacy products. BlackRock’s IBIT led the redemptions with $207.7 million in outflows, reversing an inflow of $122 million from the prior day. Fidelity’s FBTC registered $105.1 million in net outflows, while ARK’s ARKB recorded $101.7 million in withdrawals.
Other funds also posted net losses, including Grayscale’s GBTC with $39.3 million, Bitwise’s BITB with $27.6 million, and VanEck’s HODL with $3.5 million. Historically, GBTC accounted for the bulk of negative flows, but recent redemptions heavily impacted products that previously drew large amounts of capital.
The outflows occurred alongside broader macroeconomic pressures affecting risk assets, as investors tracked interest rates, energy prices, and geopolitical tensions. While daily redemptions reflect rebalancing, arbitrage, and tactical trades, they provide visibility into institutional sentiment through regulated investment vehicles.
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