Bitcoin ETFs swing to net outflows as $636 million leaves in one day
US spot Bitcoin ETFs lost $635.6 million on Thursday, erasing the prior day's inflows in the largest daily outflow since June, according to The Block.
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what happened
According to The Block, US spot Bitcoin ETFs recorded net outflows of $635.6 million on Thursday, wiping out the previous day's inflows. It was the biggest daily outflow since June. BlackRock's IBIT led the withdrawals with $254.1 million, followed by Fidelity's FBTC at $217.5 million and Ark Invest/21Shares' ARKB at $109.4 million. Bitwise's BITB and Grayscale's GBTC also saw outflows, while Morgan Stanley's MSBT added $2.3 million.
Despite Thursday's reversal, weekly net flows into Bitcoin ETFs remain positive at $442.7 million. Ethereum ETFs also returned to net outflows, with $110.6 million leaving after $14.9 million came in the day before. Bitcoin fell to around $81,500 on Friday, down 3.4% over the day, as a tech-led sell-off spread through equities.
why it matters
For miners and BTC holders, the link to technology stocks matters: according to The Block, bitcoin is closely tied to tech shares, so pressure on the Nasdaq, which fell 2.6% Thursday, is spreading to crypto. Liquidations of $440 million in leveraged positions, $397 million of them longs, add to volatility.
market impact
Crypto and mining: ETF outflows and tech sell-off pressure BTC price and miners' revenue
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instruments
sources
- Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows — The Block, 23 October 2026 at 11:39 UTC
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