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US spot Bitcoin ETFs see $635.6 million outflow led by BlackRock

United States spot Bitcoin exchange-traded funds recorded $635.6 million in net outflows on October 22, marking their largest single-day redemption since June 25.

A table detailing daily U.S. spot Bitcoin ETF flows in millions of dollars, highlighting the October 22 net outflow of 635.6 million dollars across various funds.
Image: @frankdegods

U.S. spot Bitcoin exchange-traded funds logged $635.6 million in total net outflows on October 22, according to ETF flow data shared by investor Frank. The session marked the largest single-day withdrawal for the funds since June 25, reversing sharp inflows seen earlier in the week. Reporting from Crypto Briefing noted that the sudden retrenchment highlights potential volatility in institutional sentiment and raises questions about market stability.[1][2][3]

BlackRock's IBIT led the wave of redemptions with $254.1 million in net outflows, followed by Fidelity's FBTC, which shed $217.5 million. ARK 21Shares' ARKB dropped $109.4 million, Grayscale's GBTC shed $29.5 million, and Bitwise's BITB saw $27.4 million leave. Morgan Stanley's MSBT was the sole spot Bitcoin ETF to log fresh capital on the day, adding $2.3 million in net inflows.[1][2][3]

Outflows also spilled over into spot Ethereum funds on October 22, with Wu Blockchain reporting total net redemptions of $111 million. BlackRock's ETHA led the Ethereum withdrawals with $75.45 million in outflows. Meanwhile, SoSoValue tracked total spot Bitcoin ETF net assets at $104.71 billion alongside a Bitcoin price of $81,494.39.[2]

Key facts

  • U.S. spot Bitcoin ETFs registered $635.6 million in net outflows on October 22.
  • The October 22 withdrawals represented the largest single-day spot Bitcoin ETF net outflow since June 25.
  • BlackRock's IBIT led Bitcoin ETF redemptions with $254.1 million in outflows, followed by Fidelity's FBTC at $217.5 million.
  • ARKB lost $109.4 million, GBTC lost $29.5 million, and BITB lost $27.4 million, while Morgan Stanley's MSBT gained $2.3 million.
  • Spot Ethereum ETFs recorded $111 million in net outflows on October 22, led by BlackRock's ETHA with $75.45 million.
  • SoSoValue data showed total Bitcoin ETF net assets at $104.71 billion with Bitcoin priced at $81,494.39 on October 22.

Sources · 3 sources

  1. CB

    Crypto BriefingArticle ·

    Spot Bitcoin ETFs shed $635 million on October 22, with BlackRock’s IBIT leading the exodus The significant outflow from Bitcoin ETFs highlights potential volatility in institutional sentiment, raising questions about market stability. The post Spot Bitcoin ETFs shed $635 million on October 22, with BlackRock’s IBIT leading the exodus appeared first on Crypto Briefing .

    Open source
  2. WB

    Wu Blockchain@WuBlockchainPost on X ·

    Spot Bitcoin ETFs Recorded $635M in Net Outflows on October 22 On October 22 (ET), spot Bitcoin ETFs recorded total net outflows of $635M, led by BlackRock’s IBIT with $254M. Spot Ethereum ETFs recorded total net outflows of $111M, led by BlackRock’s ETHA with $75.45M. https://t.co/Vj2TzNyR03

    Open source
  3. FR

    Frank@frankdegodsPost on X ·

    largest btc etf outflows since jun 25th https://t.co/kOABO2gEdP

    Open source