Bitcoin ETFs Bleed $484.9 Million As BlackRock Leads A Broad Day Of Outflows
Summary
US spot Bitcoin ETFs saw $484.9 million in net outflows on October 7, reversing $118.8 million of inflows the previous session. BlackRock’s IBIT led with $207.7 million withdrawn, followed by Fidelity’s FBTC at $105.1 million and ARK’s ARKB at $101.7 million. Unlike earlier periods when Grayscale’s GBTC dominated redemptions, withdrawals spanned major issuers. The figures show a sharp one-day shift toward risk reduction, though daily ETF flows can reflect tactical trading and rebalancing and do not establish a lasting investor view or explain Bitcoin’s price movements.
