Update
Bitcoin ETFs See $228M in Weekly Sales Amid $618M in Monthly Outflows
US spot Bitcoin ETFs experienced a rough October, with investors pulling $228.6 million from the funds over five trading days ending October 16, 2026. Month-to-date net outflows reached approximately $615 million, with some tallies suggesting $618 million. BlackRock’s iShares Bitcoin Trust (IBIT) led the retreat, with outflows of $165 million, including $71.8 million on October 16. Fidelity’s Wise Origin Bitcoin Fund (FBTC) also posted outflows on October 16, with a smaller amount of $10.6 million. The sharpest single-day hit came on October 7, with outflows peaking at $487.1 million. Trading activity remained active, with daily volume exceeding $2 billion across the funds. As of mid-October, the funds collectively hold approximately 1.276 million BTC, and outflows can translate into actual selling in the underlying market.