Bitcoin ETF Outflows Reach $729M In Two Days After IBIT Reports

Bitcoin ETF outflows came to $484.9 million on October 7 and $244.1 million on October 8, according to Farside Investors. That makes $729.0 million over two sessions. BlackRock's IBIT had not yet reported when Times of Crypto Era covered October 7, so the first read of $277.2 million was too low.

Farside's bitcoin fund table for the sessions from October 1 to October 8, in US$ millions.

Bitcoin ETF outflows by fund: IBIT first, then Fidelity

October 7 was a broad exit. IBIT gave back $207.7 million, Fidelity's FBTC $105.1 million and ARKB $101.7 million. Grayscale's GBTC lost $39.3 million, BITB $27.6 million and HODL $3.5 million.

One day later the pressure sat on a single fund. FBTC lost $197.1 million of the $244.1 million total, about 81%. ARKB shed $20.3 million and BITB $17.7 million, while IBIT barely moved at $5.5 million out. EZBC was the only fund with a gain, at $4.7 million.

Where the week stands

October 6 was a $118.8 million inflow. The run from October 1 reads as two strong days, a small outflow on October 5, a recovery and then the two heavy sessions. Net of all six, the funds lost $407.4 million over the week so far.

Set against September, the picture softens. Between September 21 and 24 the same table logged four straight inflows worth about $2.25 billion. This two-day exit erases roughly a third of that run.

Bitcoin ETF outflows in the longer record

Farside's own summary rows help with scale. Its worst single day on record is an outflow of $1,113.7 million, so October 7 reached less than half of that. Cumulative net flow since launch still stands at about $57.2 billion.

By fund, IBIT's lifetime inflow is about $65.7 billion and Fidelity's FBTC sits near $10.5 billion. GBTC is the outlier at roughly negative $27.9 billion, the long drain from the old Grayscale trust.

Price and the Ether funds

Bitcoin opened October 7 near $85,550 on Binance and closed at $83,322, a 2.6% drop. October 8 closed at $81,754 after a low of $80,394. BTC changed hands near $82,560 on the morning of October 9. Bitcoin ETF outflows and the price slide arrived on the same two days, though a daily fund figure cannot say which one led. The October 8 low printed on the day FBTC alone sold nearly $200 million.

Ether funds had it worse in relative terms. Farside lists outflows of $201.9 million on October 6 and $160.9 million on October 7. Another $72.5 million left on October 8, for $435.3 million over three sessions. Solana funds lost smaller amounts, $4.8 million and $3.5 million on the last two days.

Revisions are normal

Issuers report on their own schedule, and Farside fills blanks as numbers arrive. Treat any same-morning total as provisional, since the IBIT correction moved a headline figure by more than $200 million. The next Farside update for October 9 will show whether Bitcoin ETF outflows continue or pause. Its rows usually settle by the following morning, so anyone quoting them should note the time they were read. This article reports flow data and is not advice to buy or sell bitcoin or any fund.