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BreakingCrypto

US Spot Bitcoin ETFs See $487 Million Net Outflows

First Detected: Oct 8, 2026, 4:38 AM
Last Update: about 1 hour ago
1 update

Event Summary

On October 7, U.S. spot Bitcoin ETFs experienced a significant net outflow totaling $487 million. BlackRock's IBIT fund led the withdrawals, recording $208 million in outflows. Fidelity's FBTC followed with $105 million in net outflows, marking a notable day of divestment for these major cryptocurrency funds.

Timeline

Latest developmentabout 9 hours ago

US Spot Bitcoin ETFs See $487 Million Net Outflows

U.S. spot Bitcoin ETFs recorded a sharp reversal with $487 million in net outflows, led by significant withdrawals from BlackRock's IBIT fund.

Read the full story

Key facts

  • U.S. spot Bitcoin ETFs recorded a net outflow of $487 million on October 7.
  • BlackRock's IBIT fund led the withdrawals with $208 million in outflows.
  • BlackRock's IBIT led withdrawals with $208 million, followed by Fidelity's FBTC with $105 million.

Price Impact

Since event start
BTC-0.24%