American spot Bitcoin exchange-traded funds concluded their nine-day net inflow streak totaling $3.1 billion on Wednesday, recording a collective $148.7 million in net outflows according to information compiled by The Block.
BlackRock’s typically leading IBIT vehicle halted its own nine-day $1.6 billion positive run, seeing $9.5 million leave the fund. Fidelity’s FBTC experienced the heaviest daily net outflows at $125.6 million, followed by Bitwise’s BITB which lost $13.6 million. All other remaining funds reported zero movement.
This nine-day sequence represented one of the most robust periods for the bitcoin funds throughout the year, successfully pushing cumulative flows back into positive territory for 2026.
“Here’s a nice look at the lifetime cumulative flows for the Bitcoin ETFs… getting really close to a new high water mark, which is arguably astonishing given what they’ve been through over the past 11months,” remarked Bloomberg Senior ETF Analyst Eric Balchunas said prior to the release of the most recent daily numbers.
Conversely, fellow Bloomberg ETF analyst James Seyffart noted. that these investment vehicles remain approximately $5 billion short of their all-time cumulative flow peak achieved on October 10 of last year.
Altogether, U.S. spot Bitcoin ETFs have accumulated more than $57 billion in net inflows since launching in January 2024 alongside $970 million year-to-date, boasting over $100 billion in assets under management according to The Block’s Bitcoin ETF Tracker page.
Last week, Morgan Stanley’s newly established Bitcoin ETF, which debuted in April of this year, surpassed 10,000 BTC in assets under management for the initial time, based on details from the company’s MSBT fund page.
Simultaneously, American spot Ethereum ETFs posted $59.6 million in net outflows on Wednesday, spearheaded by $26.6 million departing from Fidelity’s FETH vehicle. That development stretches their net outflow period to two days, coming after a previous seven-day inflow streak worth $850 million. Cumulative net inflows for the Ethereum funds, which debuted later in July 2024, currently hover near $14 billion.
Bitcoin whipsaws as soft PCE cools October Fed rate hike bets
Bitcoin experienced choppy price action around the $84,000 threshold on Wednesday, because a softer-than-expected reading of the Federal Reserve’s preferred PCE inflation metric diminished expectations for another interest rate increase during October.
“A 0.2% monthly rise in core PCE prices is welcome news for the Fed,” stated Brendan Ma, director of investment strategy at the Arbitrum Foundation. “If September CPI points the same way, the pressure for an October hike eases.”
Bitcoin finished September in the green, gaining 6.4%. It currently changes hands around $83,950 on Thursday, as reported by The Block’s (BTC) price page.
Originally published at https://www.theblock.co/news/markets/2026-10-01-bitcoin-etfs-9-day-3-billion-inflow-streak-comes-to-an-end-as-149-million-exits-the-funds-417384.
