Bitcoin ETFs Lose $636 Million as October Turns Negative Again

U.S. spot Bitcoin ETFs shed $635.6 million on Thursday, according to Decrypt's ETF tracker. That wiped out almost 60% of the roughly $1.07 billion the funds took in over the previous three sessions. It was also the largest single-day outflow of the month, topping the $484.9 million exit on Oct. 7.

On Wednesday, October net inflows stood at about $460 million; now the month is down roughly $176 million. Cumulative net inflows since launch slipped to $57.8 billion, with total net assets at $100.2 billion. Ethereum ETFs lost $110.6 million, bringing their October losses to about $1.18 billion. Solana ETFs shed $8.9 million, with outflows of about $68 million this month.

Prices barely moved

Despite the outflows, the market stayed calm. On Friday Bitcoin traded near $81,460, flat over 24 hours and down 0.4% on the week. Ethereum dipped 0.2% to about $2,400, and Solana slipped 0.3% to roughly $104. Over 30 days, Bitcoin is down 4.8%, Ethereum 11.4% and Solana 10.4%. Total crypto market cap held at about $2.85 trillion, while trading volume fell 20% to $67.1 billion.

Decrypt notes that the selling coincided with a rough day across markets: oil climbed above $111 a barrel and AI stocks slid. The Federal Reserve next meets Oct. 27-28, with traders expecting a hold on interest rates.

For those who handle USDT exchange, these figures are one more gauge of market sentiment; current conditions are available on our exchange rates page.