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Bitcoin ETFs shed hundreds of millions as Bitcoin holds near $81,500
US spot Bitcoin funds logged back-to-back outflows led by Fidelity and BlackRock, even as the price barely moved
US spot Bitcoin ETFs just had a rough couple of days. A widely shared post on X put net sales at $702 million through Thursday, while daily flow data shows approximately $729 million leaving the funds across October 7 and 8.
The asset traded between $81,500 and $83,000 during this period.
Two days, two big redemptions
The selling came in two waves. October 7 saw $484.9 million in net outflows, and October 8 added another $244.1 million.
BlackRock’s IBIT accounted for $207.7 million of the first day’s losses.
Fidelity’s FBTC took the lead on day two with a $197.1 million outflow. That single fund made up most of October 8’s total redemptions.
This was the second straight day of withdrawals, enough to wipe out the inflows that had arrived in early October, leaving the month slightly in negative territory.
Five-day net outflows reached $512.4 million. The 21-day window, however, remained modestly positive.
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Bitcoin briefly slipped below $81,000 before recovering back into its range.
September’s comeback, October’s hangover
In September 2026, Bitcoin ETFs staged a notable rebound, flipping year-to-date flows to a positive $2.4 billion. Earlier in the year, the funds had been sitting on a deficit of roughly $5.8 billion.
Cumulative net inflows since the products launched in January 2024 stand at around $57.09 billion.
Total assets under management in US spot Bitcoin ETFs sit at approximately $104.91 billion to $105 billion. Against that base, a two-day exit of roughly $729 million is meaningful but far from existential.
Macro is doing the talking
The timing lines up with a tougher backdrop outside crypto. Oil prices and Treasury yields have been rising, and the dollar has strengthened.
What this means for investors
Two consecutive days of heavy outflows from the largest funds suggest institutional holders are reassessing near-term exposure.
The 21-day window remaining positive argues for the blip, while the five-day figure of $512.4 million in outflows argues for keeping an eye on it.
Watch the $81,000 level on Bitcoin itself. The price dipped below it briefly this week, and a sustained break would test whether ETF holders stay patient.