# US Bitcoin ETFs Hit by $485 Million in Outflows, Marking Largest Daily Drop Since June

- URL: https://stocks.freetheai.org/news/us-bitcoin-etfs-hit-by-485-million-in-outflows-marking-largest-daily-drop-since-183dab
- Published: 2026-10-08T07:30:42Z
- Category: crypto; sentiment: bearish; impact: medium
- Written by our AI from expert market sources across the web for FreeTheAI Stocks, built by Vibhek Soni
- How write-ups are made: https://stocks.freetheai.org/how-we-write
- Not financial advice: https://stocks.freetheai.org/disclaimer

US spot Bitcoin exchange-traded funds experienced their largest single-day net outflows since June, with investors pulling $484.9 million on Wednesday. This massive withdrawal reversed the previous day's net inflows of $118.8 million and erased all gains made during the first four trading sessions of October. The heavy selling left Bitcoin exchange-traded funds with approximately $163 million in net outflows for the month.

The outflow was led by BlackRock's iShares Bitcoin Trust (IBIT), which saw investors withdraw $207.7 million, a sharp turn from the $122 million in net inflows it recorded on Tuesday. Fidelity's FBTC (FBTC) and ARK 21Shares' ARKB (ARKB) also faced substantial redemptions, losing $105.1 million and $101.7 million respectively. Meanwhile, Bitcoin's price slipped around 2% over a 24-hour period, trading near $82,700 on Thursday.

Investors should also watch the broader cryptocurrency fund market, as US spot Ether exchange-traded funds are suffering a prolonged downturn. Ether funds recorded $160.9 million in net outflows on Wednesday, marking their seventh consecutive day of losses. Since late September, these Ether funds have shed roughly $569 million, led on Wednesday by BlackRock's iShares Ethereum Trust (ETHA) with $116.1 million in withdrawals and Grayscale's Ethereum Trust (ETHE) with $25.8 million.

## Key points

- US spot Bitcoin ETFs lost $484.9 million in net outflows on Wednesday, their largest single-day withdrawal since June 25.
- The massive outflows wiped out $321.6 million in net inflows accumulated during the first four trading sessions of October.
- BlackRock's iShares Bitcoin Trust (IBIT) led the Bitcoin ETF redemptions with $207.7 million in withdrawals.
- US spot Ether ETFs experienced $160.9 million in net outflows, extending their weekly losing streak to seven consecutive sessions.

## Questions and answers

### How much money was withdrawn from US Bitcoin ETFs on Wednesday?

US spot Bitcoin ETFs recorded $484.9 million in net outflows on Wednesday, reversing the previous day's inflows.

### Which Bitcoin ETF had the largest outflows?

BlackRock's iShares Bitcoin Trust (IBIT) led the withdrawals with $207.7 million in net outflows.

### How are US spot Ether ETFs performing?

Ether ETFs recorded $160.9 million in net outflows on Wednesday, extending their losing streak to seven consecutive sessions.