U.S. spot Bitcoin exchange‑traded funds (ETFs) saw $635.6 million leave their doors on Thursday, wiping out nearly 60 % of the $1.07 billion that had flowed in over the preceding three sessions. The outflow, the largest single‑day exit for the month, eclipsed the $484.9 million withdrawal on Oct. 7, which at the time had been the worst since June.
The sudden reversal turned October’s net flow from a $460 million surplus on Wednesday to a net deficit of roughly $176 million. Since their debut in January 2024, Bitcoin ETFs have amassed $57.8 billion in cumulative net inflows, bringing total assets under management to $100.2 billion.
Ethereum‑focused ETFs were not immune, shedding $110.6 million after a brief five‑day outflow streak, taking their October losses to about $1.18 billion. Solana ETFs also slipped, losing $8.9 million and ending the month with roughly $68 million in outflows.
Despite the heavy withdrawals, Bitcoin’s price held steady near $81,460, flat over 24 hours and down 0.4 % for the week. Ethereum dipped 0.2 % to around $2,400, while Solana fell 0.3 % to about $104. Over the past 30 days, Bitcoin is down 4.8 %, Ethereum 11.4 % and Solana 10.4 %.
The market backdrop was bleak: oil climbed above $111 a barrel, AI‑related equities slid, and the S&P 500 trended lower. Traders are also looking ahead to the Federal Reserve’s policy meeting on Oct. 27‑28, where a “hold” on rates is widely expected – a scenario that typically favours risk assets like crypto.
Prediction‑market platform Myriad, operated by Decrypt’s parent Dastan, showed participants trimming their odds of Bitcoin topping $87,500 before month‑end to 17 % (down from 20 %). The chance of a drop to $77,500 rose to 32 %. By contrast, Myriad users remain bullish on Ethereum, assigning a 61.3 % probability of reaching $3,000 before $1,500, and a 54.9 % chance for Solana to hit $160 before $40.
The outflows underscore how closely ETF flows track institutional sentiment, yet the price resilience suggests that short‑term trading pressure has not yet translated into a broader market sell‑off.
