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Bitcoin ETFs see largest outflow since June with $635M pulled amid price drop and fragile investor confidence.

Market News
23 Oct 2026
Bitcoin
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Bearish
Bitcoin ETFs see largest outflow since June with $635M pulled amid price drop and fragile investor confidence.

U.S. Bitcoin ETFs experienced a significant $635.49 million net outflow on Thursday, marking the biggest single-day withdrawal since June and reversing nearly 60% of the gains from the previous three days. Major funds like Blackrock's IBIT and Fidelity's FBTC led the sell-off, reflecting fragile investor confidence amid Bitcoin's price falling below $81,000 after nearing $85,000. Ether ETFs also faced heavy outflows, indicating a weak institutional interest in October. Despite the setback, weekly Bitcoin ETF flows remain positive, but the rapid reversals highlight sensitivity to market shifts and risk sentiment.

Bitcoin ETF outflows totaled $635.49 million on October 23, 2026, marking the largest single-day withdrawal since June. For readers following cryptocurrency markets, Pluang data shows 18 of 50 major cryptocurrencies rose while 31 fell. Notable movers include EOS at Rp12,649 (+8.13%), COTI at Rp209 with 62% sell order activity, and SAND at Rp939 with 72% buy order activity, as of 21:21 WIB.

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