U.S. spot Bitcoin ETFs recorded about $228.4 million in net outflows between October 12 and October 16. This marked the sector’s second consecutive week of net withdrawals.
The outflows were much smaller than the $679 million recorded the previous week. BlackRock’s IBIT saw the largest withdrawals, followed by Fidelity’s FBTC.
A Day-by-Day Look at ETF Flows
The week opened with $65.4 million in net outflows on October 12, equivalent to approximately 781 BTC. Inflows returned the following day, with the ETFs attracting $175.7 million, or approximately 2,150 BTC.
The positive flows did not last. On October 14, the funds recorded $261.4 million in net outflows, equivalent to approximately 3,140 BTC.
Flows turned slightly positive again on October 15, with net inflows of $5.1 million, or about 62 BTC.
The week ended on a negative note, with the ETFs recording $82.4 million in net outflows on October 16, equivalent to approximately 1,000 BTC.
IBIT and FBTC Lead Weekly Outflows
ETF outflows fell by approximately 66.4% from the previous week, a reduction of $450.6 million in net withdrawals.
BlackRock’s IBIT accounted for the largest share of the outflows, losing approximately $165.4 million during the week. Fidelity’s FBTC followed with about $60.2 million in net outflows.
Withdrawals from other funds were much smaller. Grayscale’s Bitcoin Mini Trust (BTC) recorded approximately $7.6 million in outflows, while Invesco’s BTCO lost about $4.1 million.
A few funds still attracted new money. Morgan Stanley’s MSBT led among them with approximately $6.7 million in net inflows, followed by Bitwise’s BITB, which attracted about $2.2 million.
This suggests that the week’s net outflows were driven mainly by IBIT and FBTC, rather than withdrawals being spread evenly across the sector.
ETF Outflows Equal Six Days of Bitcoin Mining
U.S. spot Bitcoin ETFs recorded approximately 2,709 BTC in net outflows between October 12 and October 16.
Bitcoin miners produce roughly 450 BTC a day, adding about 3,150 BTC to the supply over a week. For every 1 BTC mined during that period, the ETFs recorded about 0.86 BTC in net outflows. That is equivalent to roughly six days of mining output.
The previous week was much worse. ETFs recorded about 7,992 BTC in net outflows, equivalent to 2.54 BTC for every 1 BTC mined. In terms of mining output, those withdrawals amounted to approximately 17.8 days of newly mined Bitcoin.
Outflows therefore eased considerably from the previous week. Still, the ETFs recorded net withdrawals equivalent to about six days of mining output.
How Bitcoin’s Price Moved Alongside ETF Flows
Bitcoin opened October 12 at approximately $83,679 and closed Sunday, October 18, at around $82,002. That represents a decline of about 2.0% over the seven days.
On Tuesday, Bitcoin recovered from $81,746 to close at $83,094. The same day, U.S. spot Bitcoin ETFs recorded their largest daily inflow of the week, at $175.7 million.
The trend reversed on Wednesday. Bitcoin fell from $83,094 to $81,574 as ETF outflows reached $261.4 million, the largest daily withdrawal of the week.
Bitcoin recovered modestly on Thursday, closing at $82,131, before slipping to $81,501 on Friday. The price edged lower again on Saturday, reaching $81,385, before recovering to $82,002 on Sunday.
Despite Sunday’s recovery, Bitcoin ended the week below Monday’s opening price. Meanwhile, the ETFs recorded net outflows across the five trading sessions.
Tuesday’s inflows coincided with a price recovery, while Wednesday’s larger outflows came alongside a sharp decline. These movements show how ETF flows and Bitcoin’s price moved together on those days, but they do not establish that one caused the other.
Overall, ETF outflows eased considerably from the previous week, but Bitcoin still ended the period lower.
Ephraim Emmanuel | October 14, 2026
