Bitcoin, Ether ETFs Bleed Nearly $1B in October as ETH Outflow Streak Hits 8 Days

Author: Crypffalo Research · 15:54 09/10/2026

Spot Bitcoin ETFs lost another $244.1M on Oct. 8 and Ether ETFs logged an eighth straight day of outflows, taking combined October net outflows to $986.3M, per Farside.

Bitcoin, Ether ETFs Bleed Nearly $1B in October as ETH Outflow Streak Hits 8 Days

U.S. spot Bitcoin and Ether exchange-traded funds kept bleeding on Thursday, Oct. 8, pushing combined October net outflows to roughly $986.3 million, according to data from Farside Investors. Bitcoin ETFs shed another $244.1 million after a $484.9 million exodus the day before, while Ether ETFs extended their losing streak to eight straight sessions, totaling about $641.3 million.

Key takeaways

Bitcoin ETFs posted $244.1 million in net outflows on Oct. 8, following $484.9 million on Oct. 7 — the largest single-day outflow since June 25.
That is roughly $729 million out of Bitcoin ETFs in two sessions; month-to-date net outflows stand at $407.4 million.
Ether ETFs lost $72.5 million on Oct. 8, their eighth consecutive day of outflows since Sept. 29, for about $641.3 million in total.
Combined, the two product groups have shed close to $1 billion ($986.3 million) so far in October.
Bitcoin dipped as low as $80,427 on Thursday and is trading near $82,500; ether hovers around $2,500 (afternoon Oct. 9, GMT+7).

Bitcoin ETFs: Fidelity leads the redemptions

Unlike Wednesday, when BlackRock's IBIT took the brunt with $207.7 million in redemptions, Thursday's pressure came mostly from Fidelity's FBTC, which saw $197.1 million leave. IBIT was nearly flat, with just $5.5 million in outflows. Ark 21Shares' ARKB lost $20.3 million, Bitwise's BITB $17.7 million and Grayscale's GBTC $8.2 million. Franklin's EZBC was a rare bright spot with $4.7 million of inflows.

The reversal is notable because October started on a firm footing. Bitcoin ETFs drew $102.7 million on Oct. 1, $189.9 million on Oct. 2 and $118.8 million on Oct. 6. The two back-to-back outflow sessions wiped out those gains and pushed the month into negative territory.

Ether ETFs: an eight-day outflow streak

Ether ETFs have been under more persistent pressure. Per Farside, the products have not recorded a single day of net inflows since Sept. 29. A notable session came on Oct. 6, when $201.9 million left — almost entirely from BlackRock's ETHA — followed by $160.9 million on Oct. 7. On Thursday, ETHA lost another $71.1 million, while Fidelity's FETH took in $5.5 million.

The streak coincides with a notable slide in ETH, partly driven by news that Bitmine is set to stop accumulating ether once it reaches 5% of total supply, removing a major source of demand.

Macro backdrop: oil, yields and Iran tensions

The outflows come amid a tense backdrop for global markets. The 10-year U.S. Treasury yield recently climbed to 5.31%, near its highest since 2002, according to KuCoin's daily market report. Oil topped $100 a barrel this week on fears of a U.S.–Iran conflict around the Strait of Hormuz, and minutes from the Fed's latest meeting showed most officials leaning toward another rate hike before year-end. With yields elevated and geopolitical risk high, institutional investors have tended to trim exposure to risk assets, crypto included.

What it means for crypto markets

On the bearish side, continued ETF outflows translate into real spot selling, as funds typically sell coins to meet redemptions. If the bleeding persists, bitcoin could come under pressure back toward $80,000, a level many analysts view as key psychological support. For ether, the long outflow streak combined with a large corporate buyer preparing to step back could weaken demand further.

On the more constructive side, Thursday's outflow was roughly half of Wednesday's, and IBIT, the flagship fund in the market, saw almost no further redemptions. That could signal selling pressure is starting to ease. Short bursts of heavy outflows have often reflected near-term caution rather than the start of a prolonged exodus; if Iran tensions cool or yields pull back, flows could turn quickly.

What to watch next

Friday's (Oct. 9) ETF flow data, out early Oct. 10 GMT+7: does the Bitcoin ETF outflow streak end?
Oct. 10 marks one year since the roughly $19 billion liquidation event of 2025, which could keep sentiment on edge.
U.S.–Iran negotiations, oil prices and Treasury yields.
The Fed's Oct. 27–28 meeting and September CPI inflation data.

Track these dates on our economic calendar and monitor leverage flushes via real-time liquidations.

Frequently Asked Questions

Why do ETF outflows affect the bitcoin price?

When investors redeem shares of a spot ETF, the fund usually sells the corresponding bitcoin, adding supply to the market — especially impactful when buying demand is thin.

Is nearly $1 billion in October outflows a big number?

It is significant, but still small relative to the total assets held by Bitcoin and Ether ETFs; what matters more is whether the outflows persist.

Where can I track ETF flow data?

Aggregators such as Farside Investors and SoSoValue publish fund-by-fund flows after each U.S. trading session.

*This content is for information only and is not financial advice.*

Tags: ETF, Bitcoin, Ethereum, Fund Flows

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