Bitcoin Funds Record $643.2 Million in Daily Outflows on October 30
Key Facts
U.S. spot Bitcoin funds recorded net outflows of $643.2 million on October 30, their largest daily outflow since June, according to Farside Investors data. This followed four consecutive days of inflows and reversed the trend, leaving the month with net outflows of $515.9 million, according to a Basecamp report. Monthly flows had been positive before turning negative in the final days of the month. The figure measures the movement of money in the funds, but does not by itself establish investors’ motives. Nor does it mean Bitcoin’s price gains during the month were erased.
The October 30 outflow was spread across five funds, led by IBIT with outflows of $233.7 million, followed by FBTC at $201 million. ARKB recorded outflows of $129.5 million, while outflows from GBTC reached $53.3 million and from BITB, $25.7 million. These contributions are consistent with the total net outflow of $643.2 million that day. The reversal stood out after the run of inflows that preceded Friday. The figures attributed to the funds do not explain the reasons for or timing of redemption demand.
For Ethereum funds, net outflows in October totaled about $1.61 billion, according to a Basecamp report issued on October 31. This puts the two cryptocurrencies on a similar path in terms of fund outflows toward month-end, though their reported monthly totals differ. The report said the value of outflows from Ethereum funds was an estimate. The figures did not explain investors’ motives behind the flows.
Weaker flows coincided with declines in the closing prices of both currencies between October 28 and 30. Bitcoin closed at $81,343.50 on October 28 and $77,368.77 on October 30, according to EL7 data. Over the same period, Ethereum’s close fell from $2,359.68 to $2,245.54. Bitcoin had fallen below $80,000 on October 26, as trading in AI stocks faced investor scrutiny, according to a Bloomberg headline. These prices show market movements over the period, while fund data remains a separate measure of net flows.
The Federal Reserve decided on October 28 to keep the target range for the federal funds rate at 3.75% to 4%, in a 10-to-2 vote. Lisa Cook and Beth Hammack dissented, preferring a quarter-percentage-point increase in the range. The decision to hold rates came as a preliminary estimate showed U.S. real gross domestic product grew at an annual rate of 3.4% in the third quarter of 2026, compared with 2.2% in the second quarter. Increases in investment and consumer and government spending contributed to growth, while a decline in exports offset part of the increase. The U.S. Bureau of Economic Analysis scheduled the next GDP estimate for November 25.