EL7.AI
CryptoMediumUpdated×2•Originally published 24 October 2026•Updated 24 October 2026•
4 min read

U.S. Bitcoin Funds Record $635.6 Million in Outflows on Thursday

Key Facts

1The week of October 19–23 ended with net inflows of $411.5 million, after $27.6 million in outflows on Friday.
2Spot ether funds recorded net outflows of $110.6 million on Thursday.
3Cumulative net inflows to bitcoin funds have exceeded $57 billion since their launch in January 2024.

U.S. spot bitcoin exchange-traded funds recorded net outflows of $635.6 million on Thursday, October 22, a sharp reversal after strong inflows in previous days, according to data cited by The Block. Although the funds’ balance remained positive through Thursday’s session, Friday’s outflows lowered net flows for the full week to $411.5 million, according to Farside Investors’ table. The Block said bitcoin flows remained positive at $442.7 million through Thursday. That figure combines flows from Monday through Thursday and does not represent the weekly total after Friday’s close. Farside data showed Friday’s session added net outflows of $27.6 million.

Thursday’s session followed inflows of $528.4 million on Wednesday, $526.7 million on Monday and $23.2 million on Tuesday, according to The Block. Thursday’s outflows alone therefore exceeded Wednesday’s inflows and reversed a large portion of the money that had entered the funds earlier in the week. Across the sessions from October 19 to 22, the balance remained positive at $442.7 million. Friday’s session then trimmed that total without turning it into net weekly outflows. Net flows for the week spanning October 19 to 23 were $411.5 million, according to Farside’s table.

BlackRock’s IBIT led Thursday’s outflows, with net withdrawals of $254.1 million, followed by Fidelity’s FBTC with outflows of $217.5 million and ARKB with outflows of $109.4 million, according to data compiled by The Block. BITB and GBTC also recorded net outflows, while MSBT bucked the trend, adding $2.3 million. Most of the recorded withdrawals were spread across the largest funds listed, while inflows to MSBT remained limited compared with total outflows. The figures show differing investor activity across products in the same session. This coincided with outflows from U.S. spot ether funds.

U.S. spot ether funds recorded net outflows of $110.6 million on Thursday, after inflows of $14.9 million the previous day, according to The Block. Net flows returned to negative territory after Wednesday’s session, mirroring the move in bitcoin funds. In EL7’s available daily closing data, bitcoin was priced at $81,416.09 on October 22, then recorded $81,189.43 on October 23. These prices do not include intraday movements. Since the U.S. bitcoin funds launched in January 2024, their cumulative net inflows have exceeded $57 billion, while their assets under management have surpassed $100 billion, according to The Block.

Fund outflows coincided with a decline in U.S. stocks on Thursday, with the S&P 500 losing 1.2% in its worst session since July, while the Nasdaq fell 2.6% and the Dow rose less than 0.1%, according to the Associated Press. The agency attributed the market’s weakness to a fresh wave of declines in artificial intelligence stocks, amid concerns that high interest rates could threaten the sector’s boom. The AP said the anxiety drove Treasury yields sharply lower. An official at STS Digital said bitcoin “remains closely tied to technology stocks,” adding that concerns about AI valuations and debt were weighing on the market, according to The Block. In energy markets, Brent crude rose 4% to $113.17 a barrel on Thursday, after touching a five-month high, amid concerns related to the war with Iran, according to the AP.

A senior analyst at Tesseract Group said sustained flows were a test of demand as bitcoin retreated to the $80,000–81,000 range, according to a statement cited by The Block on October 23. He added that the next test would be whether flows into the funds continued while the price remained in that range. The market is watching after a week that drew strong inflows at the start, then saw a large outflow on Thursday and an additional outflow on Friday. The Federal Open Market Committee is scheduled to meet on October 27 and 28, according to the Federal Reserve calendar. Minutes from the September meeting had said that geopolitical developments, which lifted crude oil and refined fuel prices, and rising investment linked to artificial intelligence contributed to inflationary pressures.