TL;DR ETF Outflows: Bitcoin and Ethereum ETFs recorded combined net outflows of $150.8 million on Oct. 12. BTC funds lost $65.4 million, while Ethereum products saw $85.4 million leave the se
TL;DR
ETF Outflows: Bitcoin and Ethereum ETFs recorded combined net outflows of $150.8 million on Oct. 12. BTC funds lost $65.4 million, while Ethereum products saw $85.4 million leave the sector.
IBIT Concentration: BlackRock’s IBIT accounted for the full $65.4 million in withdrawals from BTC ETFs. All other funds, including FBTC and GBTC, reported no net inflows or outflows during the session.
Ethereum Weakness: Ethereum ETFs faced stronger selling pressure, led by $75.1 million in withdrawals from ETHA. Meanwhile, Ethereum funds reached approximately $788.8 million in month-to-date net outflows.
Bitcoin and Ethereum ETFs began the week under pressure after posting combined net outflows of $150.8 million on Oct. 12. According to data from Farside, withdrawals totaled $65.4 million from Bitcoin ETFs and $85.4 million from Ethereum ETFs. The figures extend a difficult start to October for both asset classes and suggest institutional demand for Bitcoin-linked products remains under strain after several sessions of negative flows.
Bitcoin ETFs recorded $65.4 million in net outflows during Monday’s session. The entire withdrawal came from BlackRock’s iShares Bitcoin Trust (IBIT), making it the only fund in the category to post a net movement for the day. Data showed that remaining Bitcoin ETFs, including Fidelity’s FBTC and Grayscale’s GBTC, finished the session with no reported inflows or outflows.
The latest redemption followed a challenging period for the sector. Between Oct. 5 and Oct. 9, spot BTC ETFs experienced approximately $678.9 million in cumulative net outflows. The recent activity adds to concerns that investor appetite has weakened after expectations for a stronger October performance faced early setbacks.
Ethereum ETFs posted even larger withdrawals than their counterparts, recording $85.4 million in net outflows on Oct. 12. BlackRock’s iShares Ethereum Trust (ETHA) led the decline with $75.1 million leaving the fund, followed by $10.3 million in outflows from Grayscale’s Ethereum Mini Trust.
All other Ethereum products reported flat activity. The continued selling pressure has weighed heavily on the category throughout the month, with month-to-date net outflows reaching approximately $788.8 million. The latest figures highlight a persistent trend of capital leaving Ethereum-focused investment vehicles during October.
The most notable aspect of the session was its concentration. IBIT was the only US spot Bitcoin ETF to register net movement. This suggests the withdrawal was tied specifically to IBIT investors rather than a broad-based exit across the market. For comparison, on October 7, Bitcoin ETFs recorded a much larger $484.9 million net outflow, with IBIT accounting for $207.7 million of that total.
Against its historical cumulative net inflows of about $65.67 billion, the latest redemption remains relatively small. Bitcoin ETFs collectively managed roughly $106 billion in assets, equal to 6.35% of Bitcoin’s total market capitalization. Even so, daily fund flows remain an important indicator of demand because spot products have become a major route to Bitcoin exposure for institutions, advisers, wealth managers, and other traditional investors.
