On Thursday, Bitcoin ETFs experienced a net outflow of $635 million, bringing October’s net flows back into negative territory.
According to SoSoValue data, U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net outflow of $635 million on Thursday, erasing Wednesday's net inflow of $528 million and bringing the total net outflow for October to $175 million.
This is also the largest single-day net outflow since June 25, when Bitcoin ETFs experienced a net outflow of $696 million. This withdrawal also ended a three-day streak of net inflows, during which $1.08 billion in funds were attracted.
However, Bitcoin ETFs still recorded a net inflow of $443 million this week, following two consecutive weeks of net outflows before the rebound.
On Thursday, Bitcoin fluctuated between $80,996 and $82,551, below Wednesday’s intraday high of $84,777. According to CoinGecko data, BTC was trading at approximately $81,783 at the time of writing, down about 1% over the past 24 hours.
Most altcoin ETFs also experienced negative fund flows on Thursday. The Ethereum ETF saw a net outflow of approximately $111 million, the Solana ETF a net outflow of about $9 million, and the Hyperliquid (HYPE) ETF a net outflow of around $8 million. In contrast, the XRP ETF recorded a net inflow of approximately $3.6 million.