U.S. spot bitcoin ETFs have not stopped bleeding. After a $635.6 million outflow on October 22, the largest since June 25, BlackRock’s IBIT lost another $110.3 million on October 23, according to SoSoValue data cited by 24/7 Wall St. Fidelity’s FBTC added $31.8 million of outflows on Friday after losing $217.5 million the day before.
Thursday’s selling was concentrated. IBIT and FBTC together accounted for about 74% of the day’s total, while ARKB lost $109.4 million, GBTC $29.5 million and BITB $27.4 million. The outflow ended a three-day inflow streak.
The bigger picture is less negative. The week ending October 22 still showed a net inflow of $442.7 million, against net outflows of $228.6 million the week before. Third-quarter inflows reached $6.3 billion, and cumulative net inflows stand at $57.3 billion with $104.7 billion in net assets, of which IBIT holds about $65.8 billion.
Price has followed the flows. Bitcoin closed near $84,025 on October 21, fell to $81,307 on October 22 and traded near $80,483 on Saturday morning. That is about 36% below the all-time high of $126,080, although still up 23.4% over 90 days.
The 24/7 Wall St author concludes that the selling does not look finished, and names one indicator: whether ETF flows turn positive in the week of October 26. The Fed meeting on October 28 is the main event in that window.
Track the market yourself with AiTraderView’s free tools: Crypto Cockpit for charts and 75+ indicators, Crypto Screener to find setups, and Crypto Portfolio to follow your holdings.
Sources:
- 24/7 Wall St: Bitcoin ETFs Just Had Their Biggest Outflow Day Since June. Is the Selling Over?
- crypto.news: Bitcoin price falls below $82K as spot ETFs see $635M in outflows
⚠️ RISK WARNING & AI DISCLOSURE
- This information is generated by Artificial Intelligence (AI) and complex algorithms. While advanced, these systems can contain errors or inaccuracies and are for educational purposes only.
- Technical analysis provides no guarantees; this information is purely informative.
- All discussed scenarios are hypothetical and do not constitute predictions or expectations.
- Past performance is not an indicator of future results.
- This is not financial advice and is not intended as a call-to-action for the reader.
- No implicit direction is claimed, and no specific behavior of market participants is suggested.