US spot Bitcoin and Ethereum ETFs are facing persistent outflows. Over the eight trading days from September 29 to October 8, Bitcoin funds lost a net $507 million and Ethereum funds a net $635 million.
For Bitcoin, October 7 was the heaviest day: a net outflow of $484.9 million, the largest of the period. Another $244.1 million left a day later. After a small inflow of $111.0 million on October 6, that marks a reversal. Bitcoin fell from above $85,700 on October 5 to $81,754 on October 8, about 4.7% lower.
Ethereum looked even more one-sided. All eight days ended in outflows, and $429.1 million has left since October 6 alone. ETH dropped from roughly $2,710 to $2,475 in that span, more than 8% lower.
Daily net ETF flows (in $ million)
| Date | BTC price | BTC flow | ETH price | ETH flow |
|---|---|---|---|---|
| 08-10-26 | $81,754 | -$244.1M | $2,475 | -$72.6M |
| 07-10-26 | $83,322 | -$484.9M | $2,574 | -$154.6M |
| 06-10-26 | $85,550 | +$111.0M | $2,697 | -$201.9M |
| 05-10-26 | $85,767 | -$89.8M | $2,710 | -$50.8M |
| 02-10-26 | $84,518 | +$187.5M | $2,669 | -$37.4M |
| 01-10-26 | $84,880 | +$95.7M | $2,706 | -$55.4M |
| 30-09-26 | $83,624 | -$148.7M | $2,686 | -$59.6M |
| 29-09-26 | $83,664 | +$66.2M | $2,678 | -$2.8M |
| Total | -$507.1M | -$635.1M |
The divergence is clear. Bitcoin still saw several inflow days in early October, such as $187.5 million on October 2, while Ethereum saw none. As long as outflows persist, institutional demand remains a drag on price. A return to inflows would be a first sign of recovery.
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