Bitcoin ETFs Lose $82 Million As BlackRock Leads Friday’s Withdrawals
Summary
US spot Bitcoin ETFs saw about $82.4 million in net outflows on October 16. BlackRock’s IBIT accounted for $71.8 million and Fidelity’s FBTC for $10.6 million, while other funds were broadly flat. The withdrawals followed roughly $261 million in outflows on October 14 and a modest return to inflows the next day, suggesting demand remains uneven. Despite the latest redemptions, cumulative inflows since the funds launched remain substantial. Continued flows may indicate whether traditional investors are reducing Bitcoin exposure, but one day of ETF outflows does not establish a broader shift in ownership.
