US spot bitcoin ETFs lost a net $82.4 million on Friday, 16 Oct, according to Farside data, with BlackRock’s IBIT down $71.8 million and Fidelity’s FBTC down $10.6 million. Every other bitcoin fund reported zero. CryptoWatchDesk’s last ETF Desk covered Thursday’s $5.1 million inflow.
The week’s redemptions came mostly from one place. IBIT accounted for $165.4 million of the $228.4 million that left bitcoin funds between 12 and 16 Oct, about 72%, and BlackRock’s ETHA for $299.0 million of the $320.1 million that left ether funds, about 93%. On Friday ETHA was the only ether fund to move, at −$69.7 million. Solana funds lost $12.7 million, all from Bitwise’s BSOL.
| Fund | Net flow, 16 Oct ($M) | Week to date ($M) |
|---|---|---|
| IBIT (BlackRock) | −71.8 | −165.4 |
| FBTC (Fidelity) | −10.6 | −60.2 |
| BITB (Bitwise) | 0.0 | +2.2 |
| MSBT | 0.0 | +6.7 |
| BTCO (Invesco) | 0.0 | −4.1 |
| BTC (Grayscale Bitcoin Mini Trust) | 0.0 | −7.6 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | −82.4 | −228.4 |
| ETHA (BlackRock) | −69.7 | −299.0 |
| ETHE (Grayscale) | 0.0 | −18.3 |
| FETH (Fidelity) | 0.0 | +10.5 |
| ETH (Grayscale Ethereum Mini Trust) | 0.0 | −12.4 |
| EZET (Franklin) | 0.0 | −0.9 |
| Other ether funds (net) | 0.0 | 0.0 |
| Ether ETFs total | −69.7 | −320.1 |
| BSOL (Bitwise) | −12.7 | −18.8 |
| VSOL (VanEck) | 0.0 | −0.7 |
| GSOL (Grayscale) | 0.0 | −6.0 |
| Solana ETFs total | −12.7 | −25.5 |
Source: Farside Investors, US-listed spot funds; week to date covers 12–16 Oct and is the sum of daily Farside rows. “Other” groups the remaining listed funds in each category, all at zero for the week.
It is the second losing week in a row for bitcoin funds, after −$678.9 million in the week to 9 Oct, and leaves them down $614.7 million in October after 12 trading days. Ether funds are down $955.1 million this month and have had outflows on 11 of 12 sessions; the exception was a $24.8 million inflow on 13 Oct. Solana funds are down $50.3 million in October. Flows record what authorised participants created and redeemed; they are not a forecast.
Bitcoin was near $81,460 on Kraken at 03:46 UTC on Saturday, after Friday’s dip to $80,705, and ether near $2,425. There are no new prints until Monday’s session; this morning’s First Print has the weekend levels. 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.