US spot Bitcoin ETFs experienced significant outflows totaling around $729 million over October 7-8, despite Bitcoin's price remaining stable near $81,500. The withdrawals were led by major funds from BlackRock and Fidelity, marking two consecutive days of redemptions that offset early October inflows. While the five-day net outflows reached $512.4 million, the 21-day window still shows modest net inflows, suggesting this may be a short-term correction amid broader macroeconomic pressures like rising oil prices and Treasury yields. Investors should watch Bitcoin's $81,000 support level, as a sustained drop below it could influence ETF holder confidence.
Bitcoin ETFs saw outflows of about $729 million over October 7-8. For readers following the broader crypto market, here is Pluang's snapshot as of Oct 09, 2026 19:21 WIB: among 50 major cryptocurrencies, 14 rose and 35 fell. Notable movers include MANA down 6.44%, CRV down 6.35%, and SAND down 6.21%.
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On October 9, Bitcoin spot ETFs attracted $21.13 million in net inflows, led by IBIT with $22.38 million, while Ether spot ETFs experienced $56.10 million in net outflows, marking nine straight sessions of decline. This divergence occurs amid ongoing...
