American spot Bitcoin Bitcoin (BTC) exchange-traded funds pivoted away from Wednesday’s net positive inflows as Thursday saw $635.6 million leave the funds, marking the highest single-day outflows since June.
Data compiled by The Block indicates that BlackRock’s IBIT paced Thursday’s net outflows by losing $254.1 million, followed by Fidelity’s FBTC with $217.5 million and Ark Invest/21Shares’ ARKB shedding $109.4 million. Additional net outflows were recorded by Bitwise’s BITB and Grayscale’s GBTC, whereas Morgan Stanley’s MSBT defied the overarching direction by attracting $2.3 million. All remaining ETFs experienced zero net movement for the session.
Despite being much newer than the majority of competing offerings after initiating operations in April of this year, Morgan Stanley’s Bitcoin fund has only registered a single day of net outflows since inception.
Even so, cumulative Bitcoin ETF flows stay positive for the weekly period at $442.7 million, bolstered by $526.7 million on Monday, $23.2 million on Tuesday, and $528.4 million on Wednesday.
Prior to the Thursday shift, Tesseract Group senior DeFi analyst Lorris Beziers highlighted the earlier inflows as an indicator of enduring ETF interest despite wider market sluggishness. The critical test moving forward was whether ETF momentum could persist while bitcoin maintained the $80,000 to $81,000 corridor, he explained to The Block. Beziers noted that if inflows dissipate and that support zone breaks, the demand outlook has deteriorated.
According to The Block’s ETF Tracker statistics, since Bitcoin ETFs initially debuted in January 2024, the investment products have accumulated over $57 billion in aggregate net inflows, alongside more than $100 billion in assets under management.
Concurrently, U.S. spot Ethereum ETFs likewise reverted to net outflows on Thursday, posting a collective $110.6 million in withdrawals after securing $14.9 million the previous day. Both Solana and Hyperliquid ETFs also encountered net outflows for the period, while XRP investment products stood apart by gathering $3.6 million.
Bitcoin declines as technology equity sell-off broadens
Bitcoin (BTC) retreated toward $81,500 earlier on Friday, sliding 3.4% over the preceding 24 hours as a Wall Street sell-off cascaded into Asian stock markets amid disappointing tech earnings, anxieties over artificial intelligence expenditures, and rising geopolitical tensions.
The Nasdaq Composite finished Thursday down 2.6%, logging its worst trading day since June, while the S&P 500 experienced its deepest daily contraction since July with a 1.2% loss. Concurrently, CoinGlass data revealed that at least $440 million in leveraged cryptocurrency positions were liquidated across the past 24 hours, encompassing $397 million in long positions.
STS Digital U.S. head Jeff Anderson told The Block that bitcoin continues to exhibit strong correlation with technology shares, with market sentiment pressured by concerns surrounding artificial intelligence valuations and debt levels.
Anderson stated that they do not read an excessive amount into this price action, viewing the $80,000 to $86,000 corridor as the current trading channel while monitoring for a breakout beyond those boundaries.
Notwithstanding broader market softness, Derive founder and CEO—as well as former Susquehanna options trader—Nick Forster informed The Block that his firm’s calculated probability of bitcoin surpassing $100,000 before Christmas climbed from 9.7% to 12% across the preceding week, whereas the likelihood of a decline below $70,000 dropped from 15.6% to 11%.
Forster remarked that these figures demonstrate how traders have expanded their exposure to end-of-year upside while cutting down on capital allocated toward crash insurance.
Originally published at https://www.theblock.co/news/markets/2026-10-23-bitcoin-etfs-swing-back-to-net-outflows-erase-previous-day-inflows-426483.
