Bitcoin ETFs See $635 Million Daily Outflow
U.S. spot Bitcoin exchange-traded funds recorded roughly $635 million in net withdrawals as of October 22, 2026, ending a three-session run of inflows. BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund accounted for the largest reported fund-level outflows, according to several outlets citing Farside Investors data.
The reported total differs slightly by publication, highlighting a rounding discrepancy rather than a disagreement over the broader reversal in ETF flows. Bitcoin.com News reported $635.49 million in net outflows, while Cryptovank, Cryptotimes and Kucoin reported $635.6 million.
What happened
Bitcoin.com News reported that the category saw $635.49 million leave on Thursday, as of October 22, 2026. The withdrawal interrupted three sessions in which Bitcoin ETFs had drawn more than $1 billion, according to the outlet.
Cryptovank reported that BlackRock’s IBIT recorded $254.1 million in outflows as of October 22, 2026, while Fidelity’s FBTC lost $217.5 million. The publication said the two funds together represented $471.6 million of the day’s reported withdrawals, citing Farside data and TokenPost.
Cryptotimes also reported $254.1 million in withdrawals from IBIT and $217.5 million from FBTC as of October 22, 2026. It identified ARK 21Shares Bitcoin ETF, or ARKB, as another fund with substantial withdrawals, reporting $109.4 million in outflows based on Farside data.
The range of reported category totals is narrow. Cryptovank said Farside Investors placed the net outflow at $635.6 million as of October 22, 2026, while SoSoValue put it at $635.5 million and described it as the largest single-day Bitcoin ETF outflow since June 25. Bitcoin.com News used the more precise figure of $635.49 million.
Pluang reported that five of 12 spot Bitcoin ETFs experienced outflows as of October 22, 2026. It said Morgan Stanley’s MSBT was the only fund attracting new money, with an inflow of $2.33 million.
Why it matters
The scale and concentration of the withdrawals put the focus on the largest U.S. spot Bitcoin funds. IBIT and FBTC led the reported outflows as of October 22, 2026, and their figures were substantially larger than the losses reported for other named funds.
The reversal followed a short but meaningful inflow period. Cryptotimes reported that spot Bitcoin ETFs received about $1.07 billion between October 19 and 21, 2026. That period included a $665.2 million inflow into BlackRock’s fund on October 19, 2026, according to the publication.
Daily ETF flow figures are closely watched because spot Bitcoin ETFs have become a visible measure of institutional participation in the asset. The move from three consecutive positive sessions to a large net outflow does not establish why investors withdrew funds, but it marks a sharp change in the reported direction of demand as of October 22, 2026.
Kucoin reported that Bitcoin and Ethereum ETFs together recorded $746.4 million in outflows as of October 22, 2026. It said Bitcoin ETFs accounted for $635.6 million of that amount, while Ethereum ETFs recorded $110.8 million in outflows.
Background and context
Spot Bitcoin ETFs launched in January 2024 and have generated more than $57 billion in combined net inflows as of October 23, 2026. They also hold more than $100 billion in assets under management as of October 23, 2026, making their daily flows a closely followed gauge of institutional demand.
Pluang reported total net assets of $104.71 billion across these ETFs as of October 22, 2026, representing about 6.41% of Bitcoin’s market capitalization. The outlet also reported trading volume of $2.56 billion as of October 22, 2026.
The ETF reversal coincided with broader pressure in risk assets as of October 22, 2026. Bitcoin slid to around $81,500, while the Nasdaq posted its worst session since June and the S&P 500 recorded its worst daily performance since July, according to the background research.
Cryptotimes described the ETF withdrawals as occurring alongside a tech-stock sell-off as of October 22, 2026. The outlet reported that Bitcoin ETF flows were a central element of the day’s market focus, while the reported fund data showed withdrawals spread beyond the two largest funds.
What to watch
The immediate question is whether subsequent daily flow reports show renewed inflows or further withdrawals after October 22, 2026. Attention will also remain on whether IBIT, FBTC and ARKB continue to account for a large share of category-level movement.
It will also be important to monitor differences between data trackers. The reported daily total appeared as $635.49 million, $635.5 million and $635.6 million as of October 22, 2026, depending on the publication and tracker cited. Readers should distinguish those rounding differences from the consistent report that the day ended with a large net outflow.
Broader market conditions remain another open point. The reported ETF reversal occurred during weakness in Bitcoin and major U.S. equity indexes as of October 22, 2026, but the available reports do not establish a single cause for the withdrawals.
