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Bitcoin ETFs see largest outflow since June with $635.6M withdrawn, raising questions on market direction.

Market News
24 Oct 2026
24/7 Wall Street
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Bearish
Bitcoin ETFs see largest outflow since June with $635.6M withdrawn, raising questions on market direction.

Investors pulled $635.6 million from U.S. spot Bitcoin ETFs on October 22, the biggest single-day outflow since June, halting a three-day inflow streak. Major funds like BlackRock's IBIT and Fidelity's FBTC led withdrawals, accounting for 74% of outflows. Bitcoin's price dropped from around $84,025 to near $80,483 over this period. Despite continued outflows, weekly totals show a net inflow, reflecting volatile investor sentiment. The key to market direction lies in whether ETF inflows resume in the coming week or if selling pressure continues, potentially pushing Bitcoin below recent lows.

As of October 24, 2026, 22:51 WIB, IBIT (iShares Bitcoin Trust) trades at USD 45.96 on Pluang with a slight 1-day decline of 0.22%. The fund's market cap stands at $66.21 billion, reflecting its significant presence in the crypto-linked sector. Despite recent outflows reported in the news, Pluang's data shows a balanced order activity with 55% selling and 45% buying, indicating ongoing investor interest.

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