Bitcoin ETFs lose $643 million in a day, wiping out the week’s inflows
Friday's withdrawals erased four days of consecutive inflows, resulting in a net weekly outflow for the sector.
Quick Look
- US spot Bitcoin ETFs saw $643 million in net outflows on October 30, reversing four days of gains and ending the week with a $202.4 million net loss.
- IBIT and FBTC led the withdrawals across five major funds.
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Why It Matters
The report tracks net flow data for US-based spot Bitcoin exchange-traded products, which allow investors to gain exposure to Bitcoin via brokerage accounts.
US spot Bitcoin ETFs (exchange-traded funds) recorded $643 million in net outflows on Friday, October 30, according to Farside Investors. The withdrawals erased four consecutive sessions of inflows and pushed the October 26–30 week into a net outflow.
The funds had attracted a combined $440.8 million in net inflows from Monday through Thursday. Friday’s reversal left the completed week with $202.4 million in net outflows, turning an apparent recovery in the ETF channel into a weekly withdrawal.
Withdrawals extended across five of the 12 funds in Farside’s table. The other seven reported zero net flows, and none recorded an inflow to offset the redemptions. IBIT and FBTC were the two largest contributors to the day’s negative total.
iShares Bitcoin Trust (IBIT) recorded $234 million in net outflows, Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $201 million, ARK 21Shares Bitcoin ETF (ARKB) recorded $130 million, Grayscale Bitcoin Trust (GBTC) recorded $53 million, and Bitwise Bitcoin ETF (BITB) recorded $26 million.
The renewed withdrawals follow the October 22 pullback covered by CryptoSlate the previous week.
These figures track one route into Bitcoin exposure: exchange-traded products that investors can hold through brokerage accounts without buying or storing the cryptocurrency themselves.
Open Questions
- What triggered the sudden reversal in investor sentiment on October 30?
