Spot crypto ETFs post steep weekly outflows as Bitcoin sheds over $228 million
U.S. spot cryptocurrency exchange-traded funds recorded substantial net redemptions for the week of October 12–16, led by more than $228 million in Bitcoin ETF outflows and roughly $320 million in Ethereum withdrawals.
U.S. spot Bitcoin exchange-traded funds posted approximately $228 million in weekly net outflows, extending a difficult October for crypto investment products. According to Decrypt, the funds lost a net $228.6 million during the week following a $681.1 million drain the previous week, bringing two-week net outflows close to $1 billion. Farside Investors data cited by Scott Melker placed weekly Bitcoin ETF redemptions at $228.4 million, while Cointelegraph reported the outflow at $228.58 million.[4][5][6]
The Bitcoin withdrawals were led by BlackRock's IBIT, which shed $165.5 million, according to The Block. Outflows across cryptocurrency ETFs were not confined to Bitcoin, as spot Ethereum funds recorded roughly $320 million in net exits over the same period. Farside Investors data showed Ethereum funds lost $320.1 million overall, with roughly $299 million pulled from BlackRock's ETHA.[3][5]
Combined weekly outflows across Bitcoin and Ethereum ETFs reached roughly $548.5 million, representing nearly 90% of the $610.7 million in total weekly net redemptions across U.S. crypto ETFs reported by Farside Investors. Redemptions also extended to other crypto products; Cointelegraph reported weekly net outflows of $25.52 million from Solana spot ETFs and $1.84 million from XRP spot ETFs.[2][5][6]
Key facts
- Spot Bitcoin ETFs recorded between $228 million and $228.6 million in weekly net outflows.
- Bitcoin ETFs shed nearly $1 billion over two consecutive weeks after losing $681.1 million the prior week, according to Decrypt.
- BlackRock's IBIT drove $165.5 million of the weekly spot Bitcoin ETF outflows, according to The Block.
- Spot Ethereum ETFs recorded approximately $320 million in weekly net outflows, with about $299 million exiting BlackRock's ETHA.
- Total U.S. crypto ETF net outflows for the week of October 12–16 reached $610.7 million, according to Farside Investors data.
- Spot Solana ETFs saw $25.52 million in weekly net outflows and XRP ETFs shed $1.84 million, per Cointelegraph.
Sources · 6 sources
- DE
Decrypt@DecryptMediaPost on X ·
Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red https://t.co/RC3SHz4Due
Open source - CB
Crypto Banter@crypto_banterPost on X ·
🚨BITCOIN AND ETHEREUM ETFS SAW $548M COMBINED OUTFLOWS THIS WEEK! U.S. spot Bitcoin ETFs recorded roughly $228 million in net outflows over the past week, while Ethereum ETFs lost about $320 million, according to SoSoValue data. The redemptions continue even after mixed daily sessions earlier in the week. Institutional money is still exiting both products as prices remain under pressure.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Spot bitcoin ETFs shed $228.6 million last week, driven by $165.5 million net outflow from BlackRock's IBIT. Spot ether ETFs saw a larger weekly outflow of $320 million. bitcoin:native ethereum:native https://t.co/CtFexlKRlf
Open source - DE
DecryptArticle ·
Bitcoin ETFs Shed Nearly $1 Billion in Two Weeks as Uptober Stays Red Bitcoin ETFs lost a net $228.6 million this week, following a $681.1 million drain the week before and pushing October deep into the red.
Open source - TW
The Wolf Of All Streets@scottmelkerPost on X ·
🚨 US crypto ETFs recorded $610.7 million in net outflows during the week of October 12-16, according to Farside Investors data. Ethereum $ETH funds accounted for $320.1 million of the total, with BlackRock’s $ETHA driving roughly $299 million of those withdrawals. Bitcoin $BTC ETFs lost $228.4 million over the same period. Combined Bitcoin and Ethereum outflows totaled $548.5 million, or nearly 90% of the overall figure. Institutional crypto demand reversed sharply this week.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🇺🇸 ETF FLOWS: BTC, ETH, SOL and XRP spot ETFs saw net outflows last week. BTC: - $228.58M ETH: - $319.97M SOL: - $25.52M XRP: - $1.84M https://t.co/u9fx3Ls4az
Open source