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US Bitcoin ETFs saw largest single-day outflow of $635M on Oct 22, with holdings now underwater below $81,500 cost basis.

Market News
24 Oct 2026
CryptoTicker
View Source
Bearish
US Bitcoin ETFs saw largest single-day outflow of $635M on Oct 22, with holdings now underwater below $81,500 cost basis.

On October 22, 2026, US spot Bitcoin ETFs experienced a net outflow of $635 million, the largest since June 25, reversing most recent inflows. The average cost basis of these ETFs is around $81,500 to $82,000, while Bitcoin trades below that at about $80,900, putting ETF holdings at a loss. Major outflows came from BlackRock and Fidelity funds, accounting for 74% of the total. For German investors, most hold crypto ETNs rather than ETFs, which have different tax and custody rules, with a key tax deadline on December 15 approaching. This outflow highlights pressure on Bitcoin prices and the importance of understanding product types and tax implications in portfolios.

Bitcoin ETFs and their recent $635 million outflow provide context for crypto market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Oct 24, 2026 12:21 WIB: out of 50 major cryptocurrencies priced, 8 rose and 41 fell. Notable movers include ONE (Harmony) at Rp25 with a 1-day change of -5.96% and a typical hold time of 153 days, LTC (Litecoin) at Rp1.031.215 down 4.00% with 78% sell order activity, and SUSHI (SushiSwap) at Rp3.773 down 3.79% with 79% buy order activity.

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