CoinTelegraph • October 8th 2026, 7:30 AM
US Bitcoin ETFs shed $485M in biggest daily outflow since June
Key Summary
Bitcoin ETFs in the US experienced their largest daily outflow since June, with $485 million withdrawn on Wednesday, wiping out October's net inflows. This move reverses the $118.8 million net inflow from the previous day and leaves Bitcoin ETFs with a net outflow of $163 million for the month so far. The outflows were led by BlackRock's iShares Bitcoin Trust and Fidelity's FBTC, with Ethereum ETFs also experiencing a seventh consecutive outflow session.
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Market Analysis
US Bitcoin ETFs shed $485 million in the biggest daily outflow since June, according to Farside Investors. This move reverses the $118.8 million net inflow from the previous day and leaves Bitcoin ETFs with a net outflow of $163 million for the month so far.Top Performing Cryptos
The outflows were led by BlackRock's iShares Bitcoin Trust, which recorded $207.7 million in withdrawals, followed by Fidelity's FBTC with $105.1 million and ARK 21Shares' ARKB with $101.7 million.Ether Fund Performance
US spot Ether ETFs also experienced a net outflow of $160.9 million on Wednesday, extending their losing streak to seven consecutive trading sessions. Ether funds have shed approximately $569 million since September 29, with BlackRock's iShares Ethereum Trust accounting for $116.1 million of Wednesday's withdrawals.Market Impact
Bitcoin traded near $82,700 on Thursday, down about 2% over the previous 24 hours, according to CoinGecko.#Bitcoin#US#Crypto#ETF#SEC