Bitcoin ETFs Bleed $635 Million in a Single Day of Selling
By Damilola Esebame
AI summary of the source article
US spot Bitcoin ETFs recorded $635.49 million in net outflows on 22 October, marking their largest single-day withdrawal since 25 June. BlackRock's IBIT and Fidelity's FBTC accounted for approximately 74% of the total withdrawals.
Why it matters
The concentration of outflows in just two products, IBIT and FBTC , which together hold roughly $80 billion in net assets, underscores how institutional positioning in Bitcoin ETFs remains heavily weighted toward the two largest issuers.
Key facts
- US spot Bitcoin ETFs posted $635.49 million in net outflows on 22 October, led by IBIT's $254.05 million withdrawal.
- Combined, BlackRock's IBIT and Fidelity's FBTC represented approximately 74% of the session's total outflows.
- Morgan Stanley's MSBT was the sole fund to record inflows on the day, taking in $2.33 million.
Source excerpt · FinanceFeeds
United States spot Bitcoin exchange-traded funds (ETFs) posted $635.49 million in net outflows on 22 October, erasing three consecutive days of inflows in a single session while Bitcoin slipped below $82,000 and Ether held under $2,400. The 22 October Flow Table SoSoValue data showed five of 12 spot Bitcoin ETFs recorded outflows on 22 October. BlackRock's iShares Bitcoin Trust (IBIT) led withdraw…