Bitcoin
US Spot Bitcoin ETFs Post $82 Million in Net Outflows Led by BlackRock
Institutional redemptions from spot Bitcoin funds on October 16 were driven primarily by withdrawals from BlackRock and Fidelity products.
US spot Bitcoin exchange-traded funds recorded net outflows totaling approximately $82.4 million on October 16, according to data from Farside Investors. The selling was heavily concentrated in BlackRock's iShares Bitcoin Trust (IBIT), which accounted for $71.8 million of the withdrawals. Fidelity's Wise Origin Bitcoin Fund (FBTC) registered $10.6 million in net redemptions, while other competing funds ended the day largely unchanged.
The negative session concluded a volatile week for institutional Bitcoin fund flows. Investors pulled around $261 million from spot ETFs on October 14 before returning briefly to net inflows on October 15. The fluctuating activity reflects shifting short-term sentiment across traditional brokerage channels, though single-day outflows remain well below the peak withdrawals of nearly $485 million witnessed earlier in the month.
Despite the recent pressure on IBIT and FBTC, cumulative net inflows into US spot Bitcoin ETFs remain substantial since their debut. Market observers note that daily ETF redemptions represent tactical portfolio adjustments rather than a complete withdrawal of institutional capital from the asset class.
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