US spot bitcoin ETFs lost a net $261.4 million on Wednesday, 14 Oct, according to Farside data, their largest daily outflow since 7 Oct. Fidelity’s FBTC lost $152.7 million and BlackRock’s IBIT $110.9 million, while Bitwise’s BITB took in $2.2 million. CryptoWatchDesk’s last ETF Desk, on Tuesday’s flows, recorded a $175.7 million inflow: Tuesday’s ETF Desk.
IBIT reported late. Without it, the day stood at minus $150.5 million when this morning’s First Print went out. Ether funds lost $129.5 million, of which $109.8 million came from BlackRock’s ETHA, also their worst day since 7 Oct.
| Fund | Net flow, 14 Oct ($M) | Week to date ($M) |
|---|---|---|
| FBTC (Fidelity) | −152.7 | −49.6 |
| IBIT (BlackRock) | −110.9 | −110.4 |
| BITB (Bitwise) | +2.2 | +2.2 |
| MSBT | 0.0 | +6.7 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | −261.4 | −151.1 |
| ETHA (BlackRock) | −109.8 | −184.9 |
| ETH (Grayscale Ethereum Mini Trust) | −18.8 | −12.4 |
| EZET (Franklin) | −0.9 | −0.9 |
| FETH (Fidelity) | 0.0 | +8.1 |
| Other ether funds (net) | 0.0 | 0.0 |
| Ether ETFs total | −129.5 | −190.1 |
Source: Farside Investors, US-listed spot funds; week to date covers 12–14 Oct and is the sum of daily Farside rows. “Other” groups the remaining listed funds in each category.
The redemptions came from the two largest issuers on the day US inflation ran hot, with both funds handing back more than Tuesday’s inflow. Bitcoin funds are now down $537.4 million in October after 10 trading days, and ether funds $825.1 million. Flows record what authorised participants created and redeemed; they are not a forecast. Bitcoin closed Wednesday’s UTC day at $81,576 on Kraken, and the print and the sell-off are in our CPI market read.
BlackRock’s own numbers give the longer view. Its third-quarter results, released on Wednesday, put digital-asset AUM at $79.6 billion on 30 Sep, up 63% from $48.8 billion at the end of June. Most of that was price: market moves added $22.9 billion and net inflows $7.9 billion. The total is still 23% below the $104.0 billion of a year earlier, and the line earned $39 million in base fees in the quarter, about 1% of the firm’s total. The figures cover all of BlackRock’s digital-asset products, not IBIT alone. For how these funds create and redeem shares, see what a spot bitcoin ETF is.
This article is for information only and is not investment advice.