Bitcoin Investment Products Shed 244 Million Dollars Amid Broad Crypto ETF Redemptions
Spot Bitcoin funds saw sharp capital withdrawals on October 8 as falling token prices contributed to asset contractions.
Bitcoin exchange-traded funds recorded net outflows of $244 million on October 8, 2026, leading a broader contraction across institutional crypto investment products. Across the market, Ethereum funds lost $73 million and Solana funds shed $3.3 million, bringing total combined withdrawals across major assets to over $320 million, while Dogecoin funds saw flat activity.
Total assets managed by Bitcoin funds decreased from $111 billion on October 6 to $105 billion on October 8. According to the article, roughly $5 billion of this $6 billion contraction stemmed from a 4.5% decline in Bitcoin's spot price from $85,540 to $81,693, with the remainder driven by direct shareholder redemptions.
By the time of the report, Bitcoin was changing hands at $82,462, marking a 4.2% decline over the previous seven-day period.
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