US spot bitcoin ETFs lost a net $635.6 million on Thursday, 22 Oct, according to Farside data, their largest daily outflow since 25 Jun. BlackRock’s IBIT lost $254.1 million and Fidelity’s FBTC $217.5 million. CryptoWatchDesk’s last ETF Desk covered Wednesday’s $524.8 million inflow.
IBIT’s outflow was its biggest since 29 Jun, and FBTC’s its biggest since 13 Jul. ARK’s ARKB lost $109.4 million. Morgan Stanley’s MSBT was the only bitcoin fund to take money in, $2.3 million.
Ether funds lost a net $110.6 million, led by BlackRock’s ETHA ($75.5 million). Fidelity’s FETH took in $2.4 million. Solana funds lost $8.9 million, from Bitwise’s BSOL and Grayscale’s GSOL.
| Fund | Net flow, 22 Oct ($M) | Week to date ($M) |
|---|---|---|
| IBIT (BlackRock) | −254.1 | +676.0 |
| FBTC (Fidelity) | −217.5 | −84.8 |
| ARKB (ARK 21Shares) | −109.4 | −99.6 |
| GBTC (Grayscale) | −29.5 | −51.8 |
| BITB (Bitwise) | −27.4 | −18.5 |
| MSBT (Morgan Stanley) | +2.3 | +2.3 |
| BTC (Grayscale Mini) | 0.0 | +8.2 |
| EZBC (Franklin) | 0.0 | +7.3 |
| Other bitcoin funds (net) | 0.0 | 0.0 |
| Bitcoin ETFs total | −635.6 | +439.1 |
| ETHA (BlackRock) | −75.5 | −233.2 |
| ETHB | −17.2 | −17.2 |
| ETH (Grayscale Mini) | −10.7 | +20.7 |
| ETHE (Grayscale) | −9.6 | −11.5 |
| FETH (Fidelity) | +2.4 | +13.0 |
| Other ether funds (net) | 0.0 | +3.1 |
| Ether ETFs total | −110.6 | −225.1 |
| BSOL (Bitwise) | −5.7 | −10.6 |
| GSOL (Grayscale) | −3.2 | −5.8 |
| FSOL (Fidelity) | 0.0 | −1.8 |
| MSOL | 0.0 | +0.6 |
| Solana ETFs total | −8.9 | −17.6 |
Source: Farside Investors, US-listed spot funds; the week to date covers Monday to Thursday. “Other ether funds” is MSSE (+1.3), ETHW (+0.9) and EZET (+0.9) for the week; the remaining funds in each category were at zero all week.
Bitcoin funds are now down $175.6 million in October after 16 sessions, having been up $460.0 million a day earlier. IBIT is still up $865.5 million this month, while FBTC is down $556.7 million and ARKB $314.5 million. The week is still positive, at $439.1 million, because of Monday and Wednesday.
Ether funds are down $1,180.2 million for the month, nearly all of it from ETHA ($1,029.4 million). Solana funds are down about $68 million. Flows record what authorised participants created and redeemed; they are not a forecast.
The redemptions came on a day the Nasdaq fell 2.6% and bitcoin touched $80,814 on Kraken. It was near $81,855 at 03:49 UTC on Friday; this morning’s First Print has the levels. For how the funds create and redeem shares, see what a spot bitcoin ETF is.
This article is for information only and is not investment advice.